Post by Franko10 ™ on Sept 26, 2005 16:55:19 GMT -5
SHANE RESOURCES LTD. 105 – 111 Research Drive Telephone: (306) 664-3828 Saskatoon, Saskatchewan S7N 3R2 Facsimile: (306) 244-0042 _____________________________________________________________________________________ N E W S R E L E A S E
June 21, 2005 – Shane Resources Ltd. (SEI – TSX Venture) is pleased to announce the closing of its private placement totalling $500,000. These funds were raised by the Company issuing 2,500,000 units at a price of $0.20 per unit, each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one additional common at a price of $0.25 for a period of one year. Of the 2,500,000 units issued, approximately 1,250,000 of the units are flowthrough.
The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period expiring October 15, 2005.
ON BEHALF OF THE BOARD “Rick Walker” Rick Walker, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.