SENATOR MINERALS INC
NEWS RELEASE
28 September 2007
TSX-V: SNR
USA: SNRAF
Frankfurt: T1K
SNR # 2007-8
?6,500,000 Unit Private Placement?
Senator Minerals Inc ("Senator" or "the Company")
reports that it is arranging a non-brokered private placement of up to
6,500,000 units, priced at $0.15 per unit, for gross proceeds of
$975,000. Each unit will consist of one (1) common share and one
non-transferable common share purchase warrant. Each warrant will
be exercisable for a period of two years and will entitle the holder to
purchase one (1) additional common share in the capital stock of the
Company at a price of $0.24 per common share. Finders fees may be
payable on a portion of the private placement in accordance with the
policies of the TSX-Venture Exchange ("TSX-V").
The gross proceeds from the sale of up to 6,500,000 units will be
$975,000, which is intended to be used for corporate administration and
working capital, for maintenance of mineral exploration properties, for
exploration work on the Company?s Taurus property, and for due diligence
related to the acquisition of mineral properties.
The private placement will close when final documentation is accepted for
filing by the TSX-V.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Senator Minerals Inc is a TSX-V-listed junior exploration company with a
diverse portfolio of property interests in North America.
Senator has a 100% option interest in the Geikie River uranium target in
the eastern Athabasca Basin, Saskatchewan, one 50% and four 100% lease
option interests in five highly prospective Midas-style targets in the
Northern Nevada Rifts area, a 100% interest in two prospects in Nevada?s
Cortez Hills area, and a 100% interest in the Taurus copper-moly-gold
deposit in southeastern Alaska.
Senator holds 1% NSR?s on the Rosebud gold-silver prospect in
northwestern Arizona and on both the Okey and Key high grade copper
prospects in northeastern British Columbia.
This News Release was prepared on behalf of the Senator Board of
Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
"Donald A (Tony) Simon"
Donald A (Tony ) Simon, BComm,CA
President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Senator Minerals Inc #1018 - 475 Howe Street, Vancouver,
BC Canada V6C 2B3
Tel: 604-904-1330 E-Mail:
contact@senatorinc.com Web site:
www.Senatorinc.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
|
Senator Minerals Inc.
|
|
EXPLORATION STAGE |
CODE : SNR.V |
ISIN : CA8168812052 |
CUSIP : 816881 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Senator Minerals is a copper and gold exploration company based in Canada. Senator Minerals holds various exploration projects in USA. Its main exploration properties are TAURUS, DOME, IVANHOE CREEK, WILD HORSE, CORTEZ SOUTH and GOLD VALLEY in USA. Senator Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.7 millions). Its stock quote reached its highest recent level on May 12, 2006 at CA$ 6.93, and its lowest recent point on November 14, 2014 at CA$ 0.02. Senator Minerals has 33 470 601 shares outstanding. |