Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") is pleased to
announce that it intends to complete a new non-brokered private placement
offering (the "Offering") of up to a total of 12,000,000 common share units (the
"Units") and up to a total of 2,000,000 flow-through common shares (the
"Flow-Through Shares"). The Units will be offered at a price of $0.08 per Unit
with each Unit consisting of one common share of the Company and one-half of a
warrant (each whole warrant a "Warrant"). Each Warrant is exercisable for one
common share in the capital of the Company at a price of $0.12 per share for a
six month period. The Company also seeks to place up to 2,000,000 Flow Through
Shares at a price of $0.10 per share with no warrant attached. The aggregate
gross proceeds of the Offering are up to $1,160,000. 


The proceeds received from the Offering will be used (1) make the $350,000
Gossan Resources payment, (2) to carry out a minimum 1,000 meter drilling
program towards increasing the 25,000,000 tonne resource estimation of the
"Seymourville Frac Sand Project" in accordance with NI 43-101 rules (April 29th,
2014 Press Release filed on Sedar); (3) to complete a Scoping Study on the
project (Preliminary Economic Assessment). which will give Claim Post the
ability release project economics and test market frac sand prior to year-end;
and (4) for general working capital purposes. 


All securities issued will be subject to a four (4) month hold period from the
date of closing. The Offering is subject to the approval of the TSX Venture
Exchange. At closing of the Offering, finder fees of 7% of the proceeds may be
payable in cash, and finder warrants equal to 7% of the number of securities
issued which are exercisable at the price of $0.12 per share and expiring 6
months from the date of closing of the Offering may be payable. 


Charles Gryba, CEO of Claim Post Resources, stated: "This financing is at a 60%
higher price than the financings earlier in 2014 and will allow us more
financial flexibility to move the move the frac sand project forward. Claim Post
Board members and major shareholders are subscribing for at least 60% of the
offering."


Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company is
focused on becoming a leading provider of premium white silica sand proppant to
oil operations in the Williston Basin (both the Canadian and U.S. sides of the
Border), and to the oil and natural gas plays in the Western Canadian
Sedimentary Basin from its Seymourville Frac Sand Project, located 200 km
northeast of Winnipeg, Manitoba. There are 96,452,164 common shares of the
Company currently issued and outstanding.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. The Company does not assume the obligation to update any
forward-looking statement. 


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Claim Post Resources Inc.
Charles Gryba
President and Director
416-801-6366


Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776
www.claimpostresources.com

Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Canadian Premium Sands Charts.
Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Canadian Premium Sands Charts.