Smash Minerals arranges $10-million financingTicker Symbol: C:SSH

Smash Minerals arranges $10-million financingSmash Minerals Corp (C:SSH)
Shares Issued 17,096,700
Last Close 6/24/2011 $1.21
Monday June 27 2011 - News Release

Mr. Adrian Fleming reports

SMASH MINERALS CORP. ANNOUNCES PRIVATE PLACEMENT OF UP TO C$10 MILLION

Smash Minerals Corp. has engaged NCP Northland Capital Partners Inc. to act as lead agent on behalf of a syndicate in connection with a proposed private placement for gross proceeds of up to $10-million. The proceeds will be raised by the issuance of a combination of common shares and flow-through shares of Smash at a price of $1.05 per share and $1.20 per FT share, subject to a maximum of $6-million in FT shares. The offering may be increased for up to an additional $1.5-million in shares offered on the same terms and conditions, up to the closing date.

The proceeds of this offering will be used to accelerate the advancement of the company's Yukon gold exploration project and for general working capital purposes.

In connection with the offering, the company will pay to the agent a cash commission equal to 7 per cent of the aggregate gross proceeds from the offering and issue to the agent compensation options, exercisable for a period of 18 months from the closing date of the offering, to acquire that number of common shares of the company equal to 7 per cent of the aggregate number of shares and FT shares issued pursuant to the offering exercisable at $1.20 per common share.

The closing of the offering is expected to occur on or about July 12, 2011, or such earlier or later date as may be agreed upon by Smash and the agent.