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Lions Gate Energy Announces Private Placement Financing
Published : November 24, 2012
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Keywords :   Lions Gate Energy | Metals X | Total |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2012) -

NOT FOR DISSEMINATION IN THE US OR TO US WIRE SERVICES

Lions Gate Energy Inc. (News - Market indicators) (the "Company") announces a private placement financing of up to 10,000,000 units at a price of $0.05 per unit (the "Units") to raise up to an aggregate total of $500,000 (the "Financing"). Each Unit consists of one common share in the equity of Lions Gate Energy and one half of one share purchase warrant (the "Warrants"); each whole Warrant entitles the holder to purchase one additional common share (a "Share") at a price of $0.10 per Share for a period of one year from closing of the Financing. Proceeds of the Financing will be used for general working capital purposes. Finder's fees may be payable in connection with the Financing. Closing of the Financing is subject to regulatory approval.

This news release has been prepared on behalf of the Board of Directors which takes full responsibility for its contents.

J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.

These securities have not and will not be registered under the United States Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is available to be relied upon. This news release does not constitute an offer of securities for sale in the United States.

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 accuracy of this release.

Lions Gate Energy Inc.
604-669-6463 or Toll Free: 1-800-663-9688
1-604-669-3041 (FAX)
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Lions Gate Energy Inc.

CODE : LG.V
ISIN : CA5362681051
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Financings of Lions Gate Energy Inc.
11/24/2012Announces Private Placement Financing
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TSX-V (LG.V)
0.025+0.00%
TSX-V
CA$ 0.025
10/31 15:50 -
0%
Prev close Open
0.025 0.025
Low High
0.025 0.025
Year l/h YTD var.
0.020 -  0.050 -16.67%
52 week l/h 52 week var.
0.020 -  0.050 -37.50%
Volume 1 month var.
2,500 -37.50%
24hGold TrendPower© : -44
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