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Re: News Release - Friday, September 28, 2007
Golden Odyssey Mining To Arrange $425,000 In Non-Brokered Private
Placement
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RENO, Nevada -- Golden Odyssey Mining Inc. ("Golden Odyssey" or the
"Company") announces that it is undertaking a non-brokered private
placement for up to 2,500,000 units (the "Units") at a price of $0.17
per Unit, for aggregate gross proceeds of $425,000. Each Unit will
consist of one common share of the Company (the "Common Shares") and
one half of one share purchase warrant (the "Warrants"). Each full
Warrant will entitle the holder to purchase one Common Share at a price
of $0.22 per share for a period of one year from the date of issue.
Proceeds will be used for the Company's ongoing drilling program on the
White Rock property in Nevada, proposed drilling of the Washiki
property in Nevada and general corporate purposes.
All securities to be issued pursuant to the Private Placement will be
subject to a four-month hold period. The completion of the proposed
Private Placement is subject to TSX Venture Exchange acceptance.
FOR FURTHER INFORMATION CONTACT
David R. Shaddrick, President & CEO
Golden Odyssey Mining Inc.
(775) 787-8400 telephone
(775) 787-8466 fax
info@gomininginc.com
Jeffrey R. Wilson
Golden Odyssey Mining Inc.
(604) 837-5440 cellular
(775) 787-8466 fax
jwilson@GOmininginc.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
Except for historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially. Factors that might
cause a difference include, but are not limited to: changes in the
world wide price of mineral commodities, general market conditions,
risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of
future profitability and the uncertainty of access to additional
capital. Golden Odyssey Mining Inc. will not update these
forward-looking statements to reflect events or circumstances after the
date hereof. More detailed information about potential factors that
could affect the financial results is included in documents filed from
time to time with Canadian securities regulatory authorities by Golden
Odyssey Mining Inc.
Not for dissemination in the United States of America
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Copyright (c) 2007 GOLDEN ODYSSEY MINING INC. (GOE) All rights
reserved. For more information visit our website at
http://www.gomininginc.com/ or send mailto:info@gomininginc.com
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