News of a Private Placement .065 cents
Cloudbreak plans $1.3-million private placement
2009-07-23 15:49 ET - News Release
Mr. Richard Macey reports
CLOUDBREAK ANNOUNCES PRIVATE PLACEMENT FINANCING OF UP TO $1,300,000
Cloudbreak Resources Ltd. is planning to proceed with a non-brokered private placement of up to five million units at a purchase price of 6.5 cents per unit for proceeds of up to $325,000. Each Unit shall consist of one non-flow through Commo n share and one warrant with each warrant entit ling the ho lder to purchase one Commo n shares at a price of $0.10 per share for a period of five years from clo sing. The co mpany also wishes to announce a non brokered private placement of up to 15,000,000 Flow Through Unit s at a purchase price of $0.065 per Flow-Through Unit for proceeds of up to $975,000. Each Flow Through Unit shall consist of one Co mmo n share issued on a "flow through" basis and one warrant ent it ling the ho lder to purchase one co mmo n share at a price of $0.10 per share for a period of two years fro m closing. The funds fro m the sale o f Unit s will be used for general working capital and for further development of the company's Canadian properties. The funds fro m the sale of Flo w Through Units will be used for the Company's exploration activit ies on its Canadian mineral properties. Finders fees will be payable within the TSX Venture guidelines. This transact ion is subject to the approval of the TSX Venture Exchange. ON BEHALF OF THE BOARD " i a d cy R c r Ma e " h President & Director For further information contact Rich Macey or Craig Naughty, or visit the website at www.cloudbreakresources.com 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. 1 File: CDB - News Release announcing July PP.DOC CLOUDBREAK RESOURCES LTD. 3102-788 Richards Street Vancouver, BC V6B 0C7 Telephone: (604) 669-0401 Facsimile: (604) 669-0414 Toll free: (877) 669-0401 NEWS RELEASE July 23, 2009 Symbol: CDB.TSX.V/C6K: Frankfurt /Pink Sheets: CUDBF Cloudbreak announces private placement financing of up to $1,300,000 Vancouver, British Columbia - Cloudbreak Resources Ltd. (the "Company") announces that the Company wishes to proceed with a Non-Brokered Private Placement of up to 5,000,000 units (the "Units") at a purchase price of $0.065 per Unit for proceeds of up to $325,000. Each Unit shall consist of one non-flow through Common share and one warrant with each warrant entitling the holder to purchase one Common shares at a price of $0.10 per share for a period of five years from closing. The company also wishes to announce a non brokered private placement of up to 15,000,000 Flow Through Units at a purchase price of $0.065 per Flow-Through Unit for proceeds of up to $975,000. Each Flow Through Unit shall consist of one Common share issued on a "flow through" basis and one warrant entitling the holder to purchase one common share at a price of $0.10 per share for a period of two years from closing. The funds from the sale of Units will be used for general working capital and for further development of the company's Canadian properties. The funds from the sale of Flow Through Units will be used for the Company's exploration activities on its Canadian mineral properties. Finders fees will be payable within the TSX Venture guidelines. This transaction is subject to the approval of the TSX Venture Exchange. ON BEHALF OF THE BOARD "Richard Macey" President & Director For further information contact Rich Macey or Craig Naughty, or visit the website at www.cloudbreakresources.com 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. HTML CONTENT: Please disseminate the attached news release immediately. Must be disseminated by close today. Thanks,
D. Denene Johnston, Paralegal
Direct Tel: 604..661.9235 | Email: djohnston@rbs.ca
RICHARDS BUELL SUTTON LLPBarristers & Solicitors 700 - 401 West Georgia Street, Vancouver, BC Canada V6B 5A1
Tel: 604.682.3664 | Fax: 604.688.3830 | www.rbs.ca
Please consider the environment before printing this email.
This message and any attachments may be privileged and/or confidential. If it is not for you, do not read, copy or disseminate it. If you have received this in error, please notify us immediately by replying to the sender or by telephone (collect) at 604.682.3664 and delete the message.