NEWS
News Editors/Business Editors
TORONTO--(BUSINESS WIRE)--May 21, 2004--Tintina Mines Limited (TSX
VENTURE:TTS) announced today the proposed private placement of up to
15,000,000 Common Shares at a subscription price of $0.10 per share to
Mr. Juan Rassmuss, President, Chief Executive Officer and a Director
of the Company. The private placement is subject to regulatory
approval.
Use of proceeds from the private placement will be for the
investigation and exploration of mining opportunities, including the
claims at Red Mountain, in the Whitehorse Mining District, Yukon
Territory.
The Closing of the private placement is expected to be completed
within the next 30 days.
This Press Release is issued in accordance with the requirements
of Policy 4.1 of the TSX Venture Exchange regarding Private
Placements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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CONTACT: Tintina Mines Limited
W. Ross Abbott, 416-386-0342