|
TORONTO,
ONTARIO--(CCNMatthews - May 10, 2007) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
Silver Eagle Mines Inc. ("Silver Eagle" or the "Company') (TSX:SEG) is pleased to announce
that it has closed its public offering previously announced on April 30,
2007, including the exercise, in full, of the over-allotment option, and
has issued 20,010,000 units at a price of $1.50 per unit for gross proceeds
of C$30,015,000.
Each unit is comprised of one common share and one-half of one common share
purchase warrant. Each whole warrant entitles the holder to purchase one
common share of the Company until November 10, 2008, with an exercise price of C$2.03 per share.
Cormark Securities Inc. and Blackmont Capital Inc. acted as co-lead agents
in connection with the offering, together with a syndicate that also
includes Fraser Mackenzie Limited and TD Securities Inc.
This news release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER EAGLE MINES INC.
Terrence H. Byberg, President and CEO
This news release contains "forward-looking information" which
may include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects. Often,
but not always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is
expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that certain
actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or
be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements contained herein are
made as of the date of this press release and the Company disclaims any
obligation to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to
update forward-looking statements if circumstances, management's estimates
or opinions should change, except as required by securities legislation.
Accordingly, the reader is cautioned not to place undue reliance on forward-looking
statements.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
|