GREY:NTCED - Post Discussion
Post by
ATLEVAN on Apr 08, 2011 5:02pm
Private Placement
Oversubscibed PP, remember...The main Toruel vein has been traced for 1,900 meters along strike with widths up to 15 meters. Drill hole DDH-32 cut 6.7 m (true width 4.0 m), grading 1,900 g/t silver and 5.3% copper. Astonishing Results..
NETCO ENERGY INC.
880 – 609 Granville Street
Vancouver, BC, Canada V7Y 1G5
Tel: 604-683-7588
NEWS RELEASE
NETCO INCREASES PRIVATE PLACEMENT TO $750,000
VANCOUVER, B.C. – APRIL 6, 2011, NETCO ENERGY INC. (NEI: TSX-V) (“Netco” or the
“Company”) is pleased to announce that, due to demand, it has increased its previously
announced private placement from $500,000 to $750,000, such that it will issue up to 6,000,000
units (each, a “Unit”) at a price of
.125 per Unit. Each Unit will consist of one Share and one
half of one common share purchase warrant, with each whole warrant entitling the holder to
acquire one Share at an exercise price of
.22 for a period of two years from the closing of the
private placement.
The proceeds from the private placement will be used for exploration expenditures and general
working capital.
Finder’s fees may be paid by the Company in connection with the private placement.
For further information, please contact Colin Bowkett at (604) 683-7588 or visit the company
website at www.NetcoEnergy.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.
ON BEHALF OF THE BOARD
NETCO ENERGY INC.
“Colin Bowkett”
Colin Bowkett
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