Heatherdale Resources Ltd.

Published : December 01st, 2010

CLOSES $7.9 MILLION FINANCING

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Heatherdale closes 7.9 million financing

 

 

 

 

 

Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it has completed the previously announced non-brokered private placement of 7,889,500 units of its capital at a price of $1.00 per unit for gross cash proceeds of $7,889,500. Each unit consists of one common share and one warrant entitling the holder to purchase an additional common share at a price of $1.20 for a period of 18 months from the closing of the private placement. The common shares and warrants comprising the units are subject to a four month hold period.

Proceeds from the placement will be used to continue to advance exploration of the Niblack property in Alaska and for general corporate and working capital purposes.

The securities have not been, and will not be registered under the United States Securities Act of 1933, as amended ("the United States Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the United States Securities Act and applicable state securities laws or an exemption for such registration requirements is available.

President and CEO Patrick Smith commented, "We are pleased to complete this financing, which will assist us to advance our drilling program and assessment of the high grade mineralization within the Lookout zone at Niblack."

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company associated with Hunter Dickinson Inc. (HDI). The Company is focused on advancing the high-grade mine development opportunity at the Niblack Project. Heatherdale has the right to retain a 51% interest in the Niblack Project and an option to acquire up to a 70% interest from Niblack Mineral Development Inc.

On behalf of the Board of Directors

Scott Cousens Chairman and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

For further information

For further details on Heatherdale, please visit www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

 

 

Heatherdale Resources Ltd.

DEVELOPMENT STAGE
CODE : HTR.V
ISIN : CA42245Q1090
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Heatherdale is a zinc and lead exploration company based in Canada.

Heatherdale develops zinc, lead, copper, gold and silver in USA.

Its main asset in development is NIBLACK COPPER CO. in USA and its main exploration property is DELTA in USA.

Heatherdale is listed in Canada. Its market capitalisation is CA$ 175.2 millions as of today (US$ 140.2 millions, € 116.4 millions).

Its stock quote reached its highest recent level on March 12, 2010 at CA$ 1.94, and its lowest recent point on February 05, 2016 at CA$ 0.01.

Heatherdale has 180 600 000 shares outstanding.

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Financings of Heatherdale Resources Ltd.
3/24/2014Alaska State Senate Committee approves provision related to ...
5/16/2011(TSX-V: HTR) Arranges Up To $25 Million Non-Brokered Financi...
11/16/2010Arranges $6 Million Non-Brokered Financing
Option Grants of Heatherdale Resources Ltd.
7/18/2011 Grants 120,000 options to a director of the company
Nominations of Heatherdale Resources Ltd.
5/10/2011(TSXV: HTR) AGM Results: Two New Members Join the Board, Oth...
Project news of Heatherdale Resources Ltd.
3/27/2014Senate passes bill authorizing mine financing
5/2/2013(Delta)(TSX-V: HTR) Returns Delta Project
5/2/2013(Delta)Returns Delta Project
10/1/2012SIGNS MEMORANDUM OF UNDERSTANDING ON PREFFERED INFRASTRUCTUR...
7/16/2012INITIATES 2012 DRILL PROGRAM & PROVIDES UPDATE ON ALASKA’S N...
12/1/2011EXPLORES NIBLACK PROJECT PARTNERSHIP OPPORTUNITIES IN SOUTHE...
11/29/2011ANNOUNCES 31% INCREASE TO TOTAL MINERAL RESOURCE TONNAGE AT ...
10/5/2011(TSX-V: HTR): Heatherdale and Niblack Agree to Terms for Fr...
8/31/2011Completes Requirements To Secure 60% Interest In Niblack Pro...
8/18/2011(Delta)(TSX-V: HTR) Initiates Drilling at Delta VMS Project, Alaska
3/16/2011(TSXV: HTR): “Larger Niblack mine estimates released” audio ...
3/14/2011(Niblack Copper Co.)announces 54% increase to mineral resources at Niblack
2/22/2011(Delta)AS NIBLACK ADVANCES, HEATHERDALE ADDS ANOTHER
1/25/2011(Niblack Copper Co.)' Drilling Intersects High Grade While Expanding Lookout Zon...
Corporate news of Heatherdale Resources Ltd.
6/10/2016Heatherdale Corporate Update
4/19/2016Heatherdale Announces Loan
4/1/2016Heatherdale Announces Resignation of President & CEO
12/18/2015Heatherdale Corporate Update
8/28/2015Heatherdale Corporate Update
8/15/2015Heatherdale announces loans
2/13/2015Heatherdale announces share issuances related to convertible...
1/16/2015Heatherdale Files 2014 Year End Materials
12/24/2014Heatherdale and Sino Canada amend convertible debenture
6/19/2014(TSX-V: HTR): Alaska Governor Signs Bill for AIDEA Financing...
6/18/2014Alaska Governor signs bill for Aidea financing of Heatherdal...
5/6/2014Alaska State Legislature unanimously supports mineral develo...
4/23/2014Heatherdale closes $1.1 million non-brokered financing
4/23/2014closes $1.1 million non-brokered financing
4/7/2014announces $1 million non-brokered financing
4/7/2014Heatherdale announces $1 million non-brokered financing
3/24/2014Alaska State Senate Committee approves provision related to ...
10/10/2013/R E P E A T -- Heatherdale Signs MOU with Alaska Industrial...
10/1/2012signs Memorandum of Understanding on preffered infrastructur...
9/14/2012Announces Increase in Exercise Price of Options
1/17/2012(TSX-V: HTR): Heatherdale-Niblack Plan Of Arrangement Appro...
10/26/2011(TSX-V: HTR) and Niblack Enter Into Definitive Arrangement A...
8/22/2011receives priority permitting approval from US Forest Service
7/28/2011(TSX-V: HTR) Drilling Continues to Intersect & Expand Minera...
6/15/2011CLOSES $9.3 MILLION FINANCING
5/9/2011COMPLETES ACQUISITION OF HUNTER DICKINSON ACQUISITIONS INC.
3/30/2011ANNOUNCES GRANT OF OPTIONS
12/1/2010CLOSES $7.9 MILLION FINANCING
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TSX-V (HTR.V)
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Develops Copper - Gold - Silver - Zinc
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
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