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Continuum Resources Ltd.

Publié le 30 mai 2008

Announces Convertible Debenture Financing Totalling Up To $350,000

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Mots clés associés :   Fortuna | G Mexico |

Continuum Announces Convertible Debenture Financing
Totalling Up To $350,000

May 30, 2008: Vancouver, British Columbia:  Continuum Resources Ltd (TSXV: CNU) announces that it will raise up to $350,000 by way of the issuance of secured convertible debentures (the �Debentures�).  Insiders and employees of Continuum have committed to a significant portion of the total amount proposed to be raised.  The Debentures will have a two-year term and bear interest at 6% per annum, compounded monthly.  The Debentures will be convertible into common shares of Continuum at a conversion price of $0.10 per share at any time prior to expiry.  A fee, payable in common shares of Continuum, of 4% of the value of the Debentures issued will be payable on advance of the loan (up to 140,000 shares).  The Debentures will be secured by the issued and outstanding shares of Continuum�s wholly-owned Mexican subsidiary, Continuum Resources Mexico S.A. de C.V, and in a man-portable diamond drill owned by Continuum.

Up to 3,500,000 common shares of Continuum will be reserved for issuance as the maximum number of securities issuable upon conversion of the Debentures.  This financing is subject to approval of the TSX Venture Exchange.  Any securities issued upon conversion of the Debenture will be subject to a four month hold period.

Proceeds of this financing will be used to continue the Company�s proposed work programs and for general working capital.

Background

Continuum is currently exploring 7 separate gold-silver projects in the state of Oaxaca, comprising approximately 125,000 hectares.  Continuum is also a 24% joint venture partner with Fortuna Silver Mines Inc. (TSXV: FVI) on the San Jose silver project, on which drilling continues to expand on the resource estimate previously announced by the Company on March 12, 2007.

On behalf of the Board of Continuum Resources Ltd.

�Warren M. McIntyre�

Warren M. McIntyre, Corporate Secretary and Director

Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Dan Symons : dsymons@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

Continuum Resources Ltd.

PRODUCTEUR
CODE : CNU.V
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Continuum est une société de production minière d'argent et d'or basée au Canada.

Continuum détient divers projets d'exploration au Mexique.

Son principal projet en production est SAN JOSE PROJECT au Mexique et ses principaux projets en exploration sont LA PREDILECTA, NINO PERDIDO, TALEA, LACHATAO, TERI, LACHIGUIRI, NATIVIDAD et TAVICHE au Mexique et RICHARDSON LAKE au Canada.

Continuum est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,6 millions CA$ (4,4 millions US$, 3,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 1,20 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,01 CA$.

Continuum possède 124 038 000 actions en circulation.

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Dans les médias de Continuum Resources Ltd.
25/03/2010Gold and Metals Continuum
Financements de Continuum Resources Ltd.
14/01/2008Extends Expiry Date of Remaining Warrants
04/01/2008 Extends Expiry Date of Remaining Warrants
Nominations de Continuum Resources Ltd.
31/01/2008Appoints Leonard Sinclair of Clifton and Associates as Envir...
24/01/2008Appoints Alex Cruz as Country Manager for Mexico
10/01/2008Announces Appointment of New General Manager for Oaxaca Proj...
26/07/2007 appoints Dale Schultz Vice-President, Exploration
Projets de Continuum Resources Ltd.
15/04/2008(Tres Hermanas)Reports 367.8 G/T Ag, 7.48 % Pb and 6.06 % Zn Over 1.9 Metre...
02/04/2008(San Jose Project) Fortuna cuts 7.1 meters with 4.36 g/t Au and 302 g/t Ag in ...
21/02/2008(San Jose Project)Fortuna drills 7.95 meters with 9.37 g/t Au and 487 g/t Ag a...
12/02/2008Commences Drilling at its 100% Owned Tres-Hermanas Project
04/02/2008Delineates 31.20 Metres of Footwall and Hangingwall Ag-Pb-Zn...
16/01/2008(San Jose Project)announces drill results of 7.95 meters with 9.37 g/t Au and ...
20/12/2007(San Jose Project)Purchases Diamond Drill For 2008 Exploration Programs In Oax...
14/09/2007(Natividad)announces delay in release of Natividad 43-101
21/08/2007(San Jose Project)Announces Additional Drill Results at San Jose
30/05/2007(San Jose Project)San Jose Drill Program Cuts 104.9m of 283 g/t Ag + 2.48 g/t ...
15/05/2007(Natividad)Initiates Surface Drilling and Underground Bulk Sampling at ...
11/04/2007(Natividad)Underground Drilling at Natividad Intersects High-grade Gold...
03/04/2007(San Jose Project)Drill Program starts on San Jose high-grade shoot, looking t...
31/05/2006underground diamond drilling at the Navidad gold/silver mine...
Communiqués de Presse de Continuum Resources Ltd.
30/05/2008Announces Convertible Debenture Financing Totalling Up To $3...
19/03/2008LOI on Natividad Project Terminated
28/02/2008Increases Exploration on Oaxaca Gold Projects
01/02/2008Announces Letter of Intent for Sale of Natividad Project
29/01/2008 Retains Jose Juan Zorrilla of Human Environment Group to Ov...
19/12/2007Provides Exploration Summary and 2008 Objectives
16/11/2007 Adopts Shareholders Rights Plan
05/11/2007releases results for latest phase of drilling at Natividad P...
01/10/2007unable to reach joint venture agreement at Natividad
24/09/2007Reactives 100% owned Lachiguiri Project in Oaxaca State, Mex...
19/09/2007Recommences Ag-Pb-Zn exploration at their 100% owned Tres-He...
27/08/2007Confirms Cash Position and Investments
08/08/2007 retains Renmark Financial Communications Inc.
16/07/2007and Fortuna drill 25.1m averaging 10.9 g/t Au + 588 g/t Ag a...
28/05/2007Dr. Lawrence Dick resigns as Director and V.P. Exploration
01/05/2007Receives Permits for the Initiation of Surface Drilling and ...
20/03/2007Increases Landholdings in Natividad Gold ? Silver District, ...
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TSX-V (CNU.V)FRANKFURT (CQ7.F)
0,045-10.00%0,0430
TSX-V
CA$ 0,045
06/03 14:36 -0,010
-10%
Cours préc. Ouverture
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Bas haut
0,045 0,045
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,045 -10,00%
Volume var. 1 mois
37 000 -10,00%
24hGold TrendPower© : -15
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