Windarra (WRA.V) Announces Private Placement
August 20 2010 - 3:52PM
Marketwired
Windarra Minerals Ltd. (TSX VENTURE: WRA) announces, subject to
regulatory approval, a non-brokered private placement of up to
900,000 units of its securities at a price of $0.15 per unit for
gross proceeds of up to $135,000. Each unit will consist of one
flow-through common share and one common share purchase warrant
entitling the holder to subscribe for one additional common share
at a price of $0.20 for a period of two years from closing.
Proceeds received from the private placement are intended to be
used to continue exploration work on the Company's Mishi leases in
Ontario.
The offering is expected to close on or about September 18, 2010
and is subject to certain conditions and to the receipt of all
required regulatory approvals and consents, including the approval
of the TSX Venture Exchange. The securities of the Company issuable
pursuant to the private placement will be subject to a Canadian
hold period expiring four months and one day after the closing
date.
The securities proposed to be offered in the private placement
have not been registered under the U.S. Securities Act of 1933, as
amended, or any State securities laws, and may not be offered or
sold in the United States or to U.S. Persons absent registration or
an applicable exemption from the registration requirements.
On behalf of the Board of Directors
John Pallot, President
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.
Contacts: Windarra Minerals Ltd. John Pallot President (604)
688-1508 (604) 601-8253 (FAX) info@windarra.com
www.windarra.com
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