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Levon Resources

Published : June 22nd, 2009

Non-brokered private placement to advance Cordero project and complete earn-in

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Keywords :   Canada | G Mexico | Gold | Lead | Mexico | Silver | Zinc |



 

TSX Venture: LVN
OTC: LVNVF
Frankfurt/Berlin: LO9

52-week range $0.05 - $0.20
Shares Outstanding 45,239,483

Investor Relations: 604.682.3701


NON-BROKERED PRIVATE PLACEMENT TO ADVANCE CORDERO PROJECT AND COMPLETE EARN-IN

Levon Resources Ltd. (�the Company�) is pleased to announce that it has arranged a Non-Brokered Private Placement of 6,500,000 units at a price of $0.16 per unit for gross proceeds of $1,040,000.  Each unit consists of one common share and one half (1/2) non-transferrable share purchase warrant.  Two half warrants will entitle the investor to purchase one additional common share with a term of one (1) year at an exercise price of $0.35, which if exercised would provide additional  gross proceeds of  $1,137,500.

A finder�s fee of 7% of the funds raised and 7% of Broker�s Warrants will be paid to Bolder Capital Partners for their assistance in the financing.

The Broker�s Warrants will entitle the Broker to purchase one additional common share with a term of one (1) year at an exercise price of $0.35.

The funds will be used to advance the Cordero Sanson project in Chihuahua State, Mexico and complete the earn-in of the 51% interest in the project.

The financing is Subject to approval of The TSX Venture Exchange and all regulatory authorities.

Levon is a junior gold exploration company with key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada, the Norma Sass and Ruf claims near the Pipeline gold deposit being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA, and the Cordero Silver, Gold, Lead, Zinc project near Hidalgo Del Parral, Chihuahua, Mexico.

For further information contact Levon Resources Ltd. at (604) 682-3701, or log onto our website www.levon.com.


ON BEHALF OF THE BOARD

�Ron Tremblay�
______________________________
Ron Tremblay
President


The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.


This email may contain certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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Levon Resources

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CODE : LVN.V
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Levon is a silver and zinc development stage company based in Canada.

Levon holds various exploration projects in Canada.

Its main exploration properties are CONGRESS PROPERTY, EAGLE CLAIMS (CORRALL CANYON), NORMA SASS CLAIMS, RUF, BRX (GOLD BRIDGE AREA) and MT. POLLEY in Canada and CORDERO-SANSON in Mexico.

Levon is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 186.9 millions as of today (US$ 187.0 millions, € 141.7 millions).

Its stock quote reached its lowest recent point on January 23, 2009 at CA$ 0.05, and its highest recent level on April 21, 2011 at CA$ 2.38.

Levon has 198 821 000 shares outstanding.

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Annual reports of Levon Resources
2008 Annual report
Annual Reprot 2007
Financings of Levon Resources
7/31/2009Closes $800,000 Non Brokered Private Placement
6/22/2009Non-brokered private placement to advance Cordero project an...
Nominations of Levon Resources
3/29/2011WELCOMES TWO NEW BOARD MEMBERS
2/24/2009APPOINTMENT OF VICE PRESIDENT - EXPLORATION
9/10/2007NEW APPOINTMENT TO THE BOARD OF DIRECTORS
Project news of Levon Resources
4/5/2017to Complete Resource Infill Drilling to Test a Starter Pit S...
5/5/2011(Congress Property)Clarifies Technical Disclosure Related to Its Congress Prope...
3/17/2011(Cordero-sanson)Discovers High Grade Contact Replacement Style Mineralizatio...
4/7/2010(Cordero-sanson)Phase 2 Drilling at Cordero Project
9/2/2009(Cordero-sanson)Trenching expands targets at Cordero Project, Mexico
6/10/2009(Cordero-sanson)Exploration at Cordero Discovers New Zone and Expands the Di...
3/2/2009(Cordero-sanson) & Valley High Begin Work at the Cordero Silver, Gold, Lead,...
Corporate news of Levon Resources
6/27/2011LEVON'S WARRANTS EXERCISED IN FULL
6/21/2011Reports First Bulk Tonnage NI 43-101 Compliant Resource at I...
5/19/2011ANNOUNCES CLOSING OF $40,170,000 OFFERING
4/30/2011Accelerates the Expiry of Former Valley High Warrants
4/28/2011ACCELERATES EXPIRY OF WARRANTS
4/13/2011We Will Be Moving Thursday April 14th
4/11/2011RESOURCED LTD. INCREASES SIZE OF BOUGHT DEAL FINANCING TO $4...
3/26/2011COMPLETES ACQUISITION OF VALLEY HIGH VENTURES
3/22/2011ANNOUNCES THAT VALLEY HIGH SHAREHOLDERS AND OPTION HOLDERS A...
2/12/2009JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPE...
1/23/2009EARLY WARNING REPORT
11/5/2008Letter to the Shareholders
9/24/2008CONGRESS PROPERTY, BC DRILLING SUMMARY REPORT RELEASED
8/28/2007Announces Investor Relations Agreement
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TSX-V (LVN.V)FRANKFURT (LO9.F)
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