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Logan Resources Ltd

Published : June 05th, 2009

Announces $325,000 Private Placement

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Keywords :   Iron | Uranium |
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Re:   Corporate News - Friday, June 05, 2009
      Logan Resources Announces $325,000 Private Placement
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Not for distribution to news wire services in the United States.

Vancouver, BC, June 5, 2009 - Logan Resources Ltd. (TSXV:LGR) ("The Company") today announced a non-brokered private placement consisting of up to 6,500,000 units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $325,000 (the "Offering").  The Units will be comprised of one common share and one-half of one share purchase warrant (a "Warrant").  Each whole Warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of two years.

The Company may, in appropriate circumstances, pay finder's fees in connection with the Offering.  The Offering is subject to TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a four-month hold period from the closing date. The proceeds from the Offering will be used for general working capital.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal, iron and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.

ON BEHALF OF THE BOARD

"Seamus Young"
 Seamus Young
 President and CEO

For Further Information Please Contact:

Seamus Young, President & CEO
syoung@loganresources.ca
T: 604-689-0299 x 223

Earl Hope, Investor Relations
ehope@loganresources.ca
T: 604-689-0299 x 232

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 news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. 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 U.S. Securities Act and applicable state securities laws or an exemption from registration is available.


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Copyright (c) 2009 LOGAN RESOURCES LTD. (LGR)  All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Fri Jun 5, 2009 at 8:00:00 AM Pacific Time
=======================================================================
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Logan Resources Ltd

CODE : LGR.V
ISIN : CA5410953031
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Logan Resources is a silver and gold exploration company based in Canada.

Logan Resources holds various exploration projects in Canada.

Its main exploration properties are CHEYENNE, CASSIAR PLATEAU and REDFORD in Canada.

Logan Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.0 millions, € 1.6 millions).

Its stock quote reached its highest recent level on September 22, 2000 at CA$ 9.60, and its lowest recent point on February 19, 2016 at CA$ 0.03.

Logan Resources has 42 740 000 shares outstanding.

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Financings of Logan Resources Ltd
2/5/2010Private Placement Closed
1/19/2010Announces $450,000 Private Placement
10/5/2009Private Placement Closed
8/20/2009First Tranche of Private Placement Closed
6/5/2009Announces $325,000 Private Placement
12/22/2008Closes Private Placement
12/9/2008Announces $200,000 Private Placement
10/12/2007 Extends Term on Share Purchase Warrants
Option Grants of Logan Resources Ltd
3/11/2008Grants Stock Options
9/28/2007Announces Grant of Stock Options
Nominations of Logan Resources Ltd
7/26/2013Announces Appointment of Chief Financial Officer
Project news of Logan Resources Ltd
10/8/2013(Heidi)Announces Termination of Option Agreement on Heidi Property
6/23/2011(Shell Creek)Commences Work Program at Shell Creek
10/15/2009(Redford)Completes Ground Magnetic Survey on Brynnor Iron Deposit
1/26/2009Preliminary Drilling Results on Brynnor Iron Project, Vancou...
11/26/2008Initial Drilling Results Confirm Historic Results on Brynnor...
9/9/2008(Redford)Announces Initial Resource Estimate and Preliminary Economic...
8/11/2008(Carswell Dome (cluff Lake)) sign agreement for Cluff Lake area property, in the West At...
6/18/2008(Redford)Update on Redford iron ore potential, Pacific west coast of ...
6/3/2008(Redford)Provides Update on Redford Iron Ore/Gold Project on Pacific ...
1/25/2008(Shell Creek)Results Of Exploration Program On The Shell Creek Copper-Go...
11/9/2007(Heidi) Intersects Gold Over 1Km Strike At Heidi Project, Yukon Ter...
9/19/2007(Shell Creek)Identifies Redbed Copper At Shell Creek; Continues Diamond D...
7/26/2007(Shell Creek)Diamond Drill Program Underway at Logan Resources' Shell Cre...
7/25/2007(Heidi)Expands Claim Block At Heidi Gold Project; Complets Final Pa...
6/26/2007Begins Drill Program at May Creek and Continues Diamond Dril...
5/23/2007(Heidi)Diamond Drill Program at Logan's Heidi Gold Project Going We...
4/10/2007(Antler Creek Property)Completes EM Survey and Identifies Drill Targets At Antler C...
3/20/2007Diamond Drilling Confirms Gold Mineralization At Logan Resou...
Corporate news of Logan Resources Ltd
7/7/2016Logan Resources Options Nine Prospective Gold Exploration Pr...
9/15/2015Logan Signs Definitive Agreement to Create Leading Wearable ...
7/8/2015IIROC Trading Halt - LGR
6/3/2013Amends Chuchi Property Option Agreement
4/30/2013Files Technical Report on Idaho Gold Project
4/11/2013Announces Increased Mineral Resource Estimate at Idaho Gold ...
3/28/2013Signs Option and JV Agreement to Acquire Idaho Gold Property
11/7/2012Announces Termination of Option Agreement With Ridgemont Iro...
6/8/2011Announces Property Acquisition
7/28/2010Signs Option Agreement with Ridgemont Capital
6/1/2010Signs Letter of Intent with Ridgemont Capital
4/22/2010Completes Ground Magnetic Survey
11/16/2009Results From Preliminary Ground Magnetic Survey on Brynnor I...
6/5/2009Announces New Director
3/4/2009s Resource Estimate for Brynnor Iron Project, Vancouver Isla...
11/21/2008Announces Resignation of Director
11/17/2008Begins Drilling on Brynnor Iron Project, Vancouver Island
11/14/2008Correction Re: Directors and Officers
7/16/2008Applies for Coal Permits South and West of Goldsource Discov...
6/19/2008and International KRL Resources Provide Update on Turn River...
12/20/2007Completes Second Tranche of Financing
12/20/2007International KRL Resources and Logan Resources Provide Upda...
7/31/2007Five Targets Drill Tested At Logan Resources' May Creek Proj...
5/8/2007Drill Turning At Logan Resources'Heidi Gold Project, Yukon
4/26/2007Mobilizing Diamond Drill to Heidi
4/20/2007Completes Earn In on Albert Creek Lead-Zinc-Silver Property
4/16/2007Acquires Englishman Uranium Project, Yukon
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