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Conquest Resources Ltd

Published : December 04th, 2009

private placement financing of up to $4.0 million

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PRESS RELEASE

  • Conquest announces PRIVATE PLACEMENT financing of up to $4.0 million

 

Toronto, Ontario  December 4, 2009  Conquest Resources Limited (TSX-V: $B!H(BCQR$B!I(B) announces a non brokered private placement of up to $4,000,000 consisting of up to 13,043,478 flow$B!>(Bthrough shares at $0.23 per share and/or up to 21,052,631 units ($B!H(BUnits$B!I(B) at $0.19 per unit, each unit consisting of one common share and one$B!>(Bhalf a common share purchase warrant, each whole warrant entitling the holder to purchase one common share at $0.26 per share for one year. The offering will be made available to accredited investors in Canada and eligible international investors. No securities will be offered in the United States of America or to United States residents.

 

Proceeds of the flow$B!>(Bthrough share issue will be used to fund exploration expenses on Conquest$B!G(Bs Alexander Property near Red Lake, Ontario. Proceeds of the unit issue will be used for expenses of the offering, general corporate purposes and working capital.

 

 All securities issued will subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws and the requirements of the TSX Venture Exchange.

Closing of the placement will be on or about December 15, 2009.

 

ABOUT THE COMPANY

 

Conquest is exploring several gold projects in Ontario. These include the Alexander Gold Project at Red Lake; the Aurora and Sunday Lake properties at Detour Lake; the King Bay Gold Project at Sturgeon Lake (60% interest); and the Smith Lake Gold Project at Missanabie.

 

There are currently 72,663,830 shares of Conquest issued and outstanding.

 

This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest$B!G(Bs expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.

 

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 the accuracy of this release.

 

FOR FURTHER INFORMATION, PLEASE CONTACT: 

 

Toll free: 1(877) 280-8633 

 

D. Brett Whitelaw, Vice-President ? (604) 662- 8633 - Vancouver 

Rob Kinloch, Director ? (306) 343- 5799 - Saskatoon 

Terence N. McKillen, President & CEO ? (647) 728- 4126Toronto  

John F. Kearney, Chairman ? (416) 362- 6686 - Toronto 

 

info@conquestresources.net

 

www.conquestresources.net

 

 

 

Conquest Resources Ltd

PRODUCER
CODE : CQR.V
ISIN : CA2082871021
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Conquest Res. is a gold producing company based in .

Conquest Res. holds various exploration projects in Canada.

Its main assets in production are BABS&BEEHIVE and PIPER MOSS in Zimbabwe, its main asset in development is DETOUR LAKE (SUNDAY LAKE) in Canada and its main exploration properties are SUGUTI in Tanzania and ALEXANDER, KING BAY, AURORA PROJECT and SMITH LAKE in Canada.

Conquest Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.9 millions as of today (US$ 2.3 millions, € 2.0 millions).

Its stock quote reached its highest recent level on November 21, 2003 at CA$ 0.40, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Conquest Res. has 95 477 728 shares outstanding.

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Financings of Conquest Resources Ltd
12/4/2009private placement financing of up to $4.0 million
Nominations of Conquest Resources Ltd
9/11/2012Announces Appointment of President
Project news of Conquest Resources Ltd
11/24/2009(Alexander)intersects gold in first four holes on Alexander gold proper...
8/19/2009(Alexander)Chooses contractor for Alexander drill project at Red Lake
8/5/2009(Alexander)Plans two-phase drill program at Alexander
5/26/2009(Alexander)Goldcorp drills 4.97 g/t gold over 1.82 metres on Alexander ...
Corporate news of Conquest Resources Ltd
1/19/2015Conquest Sells 50% JV Interest in Sunday Lake Property to De...
5/22/2014Conquest Reports March 31, 2014 First Quarter Results
2/11/2013Detour Gold Commences Winter Work Program at Conquest's Sund...
9/13/2011Releases Scheme Book
6/2/2011Annual Meeting of Shareholders
4/14/2011Commences Drilling from Goldcorp Red Lake Mine Property
3/7/2011Detour Gold Commences Drilling Program at Conquest's Sunday ...
2/15/2011Research Report
8/11/2010amends agreement with Detour Gold Corporation on Conquest's ...
7/18/2009( CQR : TSXV ) updates shareholders through Investment Pitch...
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