PP completedNew Shoshoni Ventures raises $150,000 privately
2004-05-26 17:00 ET - News Release
Mr. Ralf Hillebrand reports
PRIVATE PLACEMENT COMPLETED
Further to news in Stockwatch dated April 28, 2004, wherein New Shoshoni Ventures announced a private placement to raise $150,000, the company has closed this private placement.
The private placement consisted of one million units priced at 15 cents per unit, each such unit consisting of one non-flow-through common share plus one share purchase warrant entitling the holder to purchase one flow-through common share at 20 cents until May 18, 2005, and thereafter at 30 cents until May 18, 2006.
There is no finder's fee payable in respect of this private placement.
The hold period on shares issued pursuant to this private placement and shares issued from the exercise of warrants attached to this private placement expires on Sept. 19, 2004.
The proceeds of this private placement will be used for working capital. Any funds raised pursuant to the exercise of the flow-through warrant attached to this private placement will be used for exploration of the company's mineral properties located in Canada.