Saturn Minerals Inc. Announces Brokered Private Placement
November 13 2012 - 9:30AM
Marketwired
Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or
the "Company") is pleased to announce that it has entered into an
agreement with Hampton Securities Limited (the "Agent") to act as
agent on a best efforts basis in connection with a brokered private
placement of up to $3,750,000 in gross proceeds (the "Offering").
The Offering will consist of up to 25,000,000 non flow-through and
flow-through shares and will be priced within the context of the
market.
Proceeds from the Offering shall be used to advance Saturn's
properties in Saskatchewan and Manitoba and for working
capital.
The Offering is scheduled to close on or before January 31,
2013, and is subject to certain conditions, including approval of
the TSX Venture Exchange.
About Hampton Securities Limited
Hampton Securities Limited is a boutique investment firm that
focuses on international institutional trading, private wealth
management and investment banking in the global energy space.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is a
junior Canadian energy company advancing a portfolio of oil and
coal properties in Saskatchewan and Manitoba. The Company owns
370,000 acres of exclusive oil & gas rights in Saskatchewan and
is advancing a number of oil exploration projects. Saturn has also
made three shallow bituminous coal discoveries since 2009 with coal
seams ranging in continuous vertical thickness from 9 to 89 meters.
Saturn has a strategic ownership in Inowending Exploration &
Development Corp., a First Nations owned exploration and
development company co-founded by Saturn with a consortium of
Saskatchewan First Nations active in Canada's prairie
provinces.
On Behalf of the Board of Directors
SATURN MINERALS INC.
Stan Szary, Chief Executive Officer
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 NEWS RELEASE.
Contacts: Saturn Minerals Inc. Stan Szary Chief Executive
Officer +1 (604) 685-6989 www.saturnminerals.com