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phineusgageon Apr 27, 2006 4:32pm
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News PP Closes...in 2 day..thumbs up
News PP Closes...in 2 day..thumbs upHinterland Metals Inc.: $1 Million Private Placement Closed
4/24/2006
Apr 24, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Val d'Or, Quebec CANADA - Hinterland Metals Inc. (HMI - TSX Venture), ("Hinterland") is pleased to announce that it has closed a private placement for $1 Million through the issue of 3,565,733 units ("Units") priced at $0.15 per Unit and 2,584,111 flow-through common shares ("FT Shares") priced at $0.18 per FT share. Each Unit consists of one common share and one non-transferable share purchase warrant ("Warrant"). Each full Warrant entitles the holder thereof to purchase one common share at $0.20 expiring April 24, 2008. No finders' fees, commissions or agents' options were paid in connection with this private placement. The proceeds of this financing will be used for exploration of Hinterland's projects in Quebec and for general working capital. As a result of this private placement, Hinterland has 32,077,202 issued and outstanding common shares. The shares and securities underlying the Warrants described above are subject to a four-month hold period expiring August 28, 2006 in accordance with applicable securities legislation.
Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.
For more information please contact: Mark Fekete, President at Toll Free 1-877-874-8182 E-mail: info@hinterlandmetals.com Website : www.hinterlandmetals.com