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Post by Franko10 ™ on Dec 30, 2005 22:41:20 GMT -5
Blue Note Metals Raises $430,000 in Flow-Through Financing
15:37 EST Friday, December 30, 2005
First tranche closed
Shares outstanding: 12.2 million
Symbol & Exchange: BNT-V
MONTREAL, Dec. 30 /CNW/ - Blue Note Metals Inc. is pleased to announce that it has closed the first tranche of its previously announced (December 2, 2005) non-brokered flow-through private placement. The company raised $430,000 from three participants, including Augen Capital Corporation, Toronto.
The company raised the $430,000 by issuing 1,433,333 Flow-through shares at $0.30. The Flow-through common shares issued under the private placement will be subject to a four-month hold period and will expire on April 30, 2006.
The proceeds of the private placement will be used for continued exploration of Blue Note's New Brunswick properties, in particular the Canoe Landing Lake property.
Blue Note Metals is a mineral exploration company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
For further information: Please contact: Lorne Woods, Vice President, Corporate Development, Blue Note Metals, 1-800-937-3095, lwoods@bluenotemetals.ca, www.bluenotemetals.ca
15:37 EST Friday, December 30, 2005
First tranche closed
Shares outstanding: 12.2 million
Symbol & Exchange: BNT-V
MONTREAL, Dec. 30 /CNW/ - Blue Note Metals Inc. is pleased to announce that it has closed the first tranche of its previously announced (December 2, 2005) non-brokered flow-through private placement. The company raised $430,000 from three participants, including Augen Capital Corporation, Toronto.
The company raised the $430,000 by issuing 1,433,333 Flow-through shares at $0.30. The Flow-through common shares issued under the private placement will be subject to a four-month hold period and will expire on April 30, 2006.
The proceeds of the private placement will be used for continued exploration of Blue Note's New Brunswick properties, in particular the Canoe Landing Lake property.
Blue Note Metals is a mineral exploration company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
For further information: Please contact: Lorne Woods, Vice President, Corporate Development, Blue Note Metals, 1-800-937-3095, lwoods@bluenotemetals.ca, www.bluenotemetals.ca
