SENATOR MINERALS INC
NEWS RELEASE
Not for distribution to U.S. news wire services or dissemination in the
United States
5 June 2007
TSX-V: SNR
USA: SMLCF
Frankfurt: T1K
SNR # 2007-4
"2,000,000 Unit Private Placement"
Senator Minerals Inc ("Senator" or "the Company")
reports that it is arranging a non-brokered private placement of up to
2,000,000 units, priced at $0.18 per unit, for gross proceeds of
$360,000. Each unit will consist of one (1) common share and
one-half (1/2) of a non-transferable common share purchase warrant.
Each full warrant will be exercisable for a period of one year and will
entitle the holder to purchase one (1) additional common share in the
capital stock of the Company at a price of $0.24 per common share.
Finders fees may be payable on a portion of the private placement in
accordance with the policies of the TSX-Venture Exchange
("TSX-V").
The gross proceeds from the sale of the up to 2,000,000 units will be
$360,000, which is intended to be used for corporate administration and
working capital, for maintenance of mineral exploration properties, and
for due diligence related to the acquisition of mineral properties.
The private placement will close when final documentation is accepted for
filing by the TSX-V.
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Senator Minerals Inc is a TSX-V-listed junior exploration company with a
diverse portfolio of property interests in North America.
Senator has one 50% and four 100% lease option interests in five highly
prospective Midas-style targets in the Northern Nevada Rifts area, a 100%
interest in two prospects in Nevada?s Cortez Hills area, and a 100%
interest in the Taurus copper-moly-gold deposit in southeastern Alaska.
Senator holds 1% NSR?s on the Rosebud gold-silver prospect in
northwestern Arizona and on both the Okey and Key high grade copper
prospects in northeastern British Columbia.
This News Release was prepared on behalf of the Senator Board of
Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
"Tony Simon"
TONY SIMON, BComm, CA
President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Senator Minerals Inc #1018 - 475 Howe Street, Vancouver,
BC Canada V6C 2B3
Tel: 604-904-1330 E-Mail:
contact@senatorinc.com Web site:
www.Senatorinc.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Senator Minerals Inc.
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EXPLORATEUR |
CODE : SNR.V |
ISIN : CA8168812052 |
CUSIP : 816881 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Senator Minerals est une société d’exploration minière de cuivre et d'or basée au Canada. Senator Minerals détient divers projets d'exploration en USA. Ses principaux projets en exploration sont TAURUS, DOME, IVANHOE CREEK, WILD HORSE, CORTEZ SOUTH et GOLD VALLEY en USA. Senator Minerals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,5 millions CA$ (1,9 millions US$, 1,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 mai 2006 à 6,93 CA$, et son plus bas niveau récent le 14 novembre 2014 à 0,02 CA$. Senator Minerals possède 33 470 601 actions en circulation. |