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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Energy Oil & Gas E&P
Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.


TSXV:ATI - Post by User

Altai Resources Inc
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Post by jdb808on Apr 02, 2008 2:53pm
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Post# 14931409

private placement at 0.40

private placement at 0.40Altai Announces a Common Share Private Placement

TORONTO, ONTARIO, Apr 2, 2008 (Marketwire via COMTEX News Network) --

AltaiResources Inc. (TSX VENTURE:ATI)(US Sec. Rule 12g3-2(b) File # 82-2950)("Altai" or "Company") is pleased to announce a private placement of upto one million and two hundred thousand share units at $0.40 per unitwill be made by two investors. The transaction is subject to theapproval of Altai's Board and the TSX Venture Exchange.

Eachunit comprises of one Altai common share and one half share purchasewarrant. Each whole warrant entitles the holder to purchase one commonshare of the Company at the price of $0.60 per share within 24 monthsfrom the date of the closing of the private placement.

We Seek Safe Harbour.

SOURCE: Altai Resources Inc.

AltaiResources Inc. Niyazi Kacira President and CEO (416) 383-1328 (416)383-1686 (FAX) Email: info@altairesources.com Website:www.altairesources.com

Copyright (C) 2008 Marketwire. All rights reserved.
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