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Re: News Release - Friday, August 21, 2009
Private Placement
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Western Standard Metals Ltd. (the "Company" or "WSM") is pleased to
announce that is has negotiated a non-brokered private placement of
10,000,000 Units at a price of $0.10 for total gross proceeds of
$1,000,000. Each Unit will consist of one common share and one share
purchase warrant exercisable into an additional common share at a price
of $0.15 in the first year and $0.25 in the second year.
The proceeds will be used for general working capital. A commission or
finder's fee may be paid with respect to part of this placement. The
terms of the private placement are subject to acceptance by the TSX
Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTERN STANDARD METALS LTD.
Tanuja de Silva
Director, CFO & Corporate Secretary
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information presented in this release may constitute
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on numerous assumptions, and involve known and
unknown risks, uncertainties and other factors, including risks
inherent in mineral exploration and development, which may cause the
actual results, performance, or achievements of the Company to be
materially different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements.
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Copyright (c) 2009 NORDIC DIAMONDS LTD. (NDL) All rights reserved.
For more information visit our website at
http://www.nordicdiamonds.com/ or send mailto:info@nordicdiamonds.com
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Nordic Diamonds Ltd
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CODE : NDL.V |
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Nordic est une société d’exploration minière de diamants basée au Canada. Nordic détient divers projets d'exploration au Canada et en Suede. Ses principaux projets en exploration sont MACKAY LAKE au Canada et SOLVBACKTJARN et BOTTENBACKEN en Suede. Nordic est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 519 630 CA$ (517 915 US$, 369 015 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2004 à 0,85 CA$, et son plus bas niveau récent le 10 juin 2009 à 0,01 CA$. Nordic possède 51 963 000 actions en circulation. |