newsLaramide Completes Private Placement
9/22/04
TORONTO, ONTARIO, Sep 22, 2004 (CCNMatthews via COMTEX) --
Laramide Resources Ltd. (TSX Venture:LAM) reports that it has completed a previously announced non-brokered private placement of 1,500,000 units for gross proceeds of $450,000. Each unit is comprised of one common share and one common share purchase warr
ant, each warrant entitles the holder thereof to acquire a common share for a period of two years from the date of issuance, exercisable at a price of $0.40 per share. Proceeds of the private placement will be used for general working capital purposes, including costs related to the Westmoreland project in Queensland, Australia, and the Company's Cerro Colorado project in Mexico.
The shares and warrants comprising the units are subject to a four month hold period.
Shares Outstanding: 32,216,622