SACRE-COEUR
MINERALS, LTD. (the "Company") is pleased to announce a
non-brokered private placement offering to raise gross proceeds of up to CAD
$2.2 million. Under the terms of the private placement, the Company will
offer for sale 4,000,000 Units (the “Units”) at CAD $0.55 per
Unit. The Company may, in its discretion, increase the size of this offering
by up to 20% to a maximum of 4,800,000 Units.
Each
Unit will consist of one Common Share of the Company and one-half of one
share purchase warrant (the “Warrants”), where each whole Warrant
will allow the subscriber to purchase one additional Common Share of the
Company for a period of two years from the date of closing. The exercise
price shall be CAD $0.75 per Share. The Company may, in its discretion, pay a
cash finders’ fee of up to 7% of the total gross proceeds of the
offering.
The
Units issued upon the closing of the private placement will be subject to a
4-month hold period. The private placement is subject to the acceptance of
the TSX Venture Exchange.
Proceeds
from the private placement will be utilized to explore the Company’s
gold properties located in Guyana and for working capital.
About
Sacre-Coeur
Sacre-Coeur
is engaged in the acquisition, exploration and development of properties for
the potential mining of gold, metals and diamonds in South America, initially
focusing on exploration for gold on its properties in Guyana. Sacre-Coeur presently has an interest in approximately
1000 sq. km of mineral properties in Guyana, including the Million Mountain
Property. Sacre-Coeur has offices in Vancouver,
Canada and Georgetown, Guyana. More information about Sacre-Coeur
is available at <www.scminerals.com>.
ON
BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
“Gregory B.
Sparks”
Gregory B. Sparks
President & CEO
Neither
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.
Contact:
Sacre-Coeur Minerals, Ltd.
Gregory B. Sparks, 604-899-0100
Fax: 604-899-0200
President & CEO
greg@scminerals.com
or
Scott Young, 604-899-0100
Cellular: 705-888-2756
Fax: 604-899-0200
Corporate Communications
scott@scminerals.com
or
Irwin Olian, 604-899-0100
Fax: 604-899-0200
Chairman
tigertail@scminerals.com
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