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Post by Franko10 ™ on Mar 21, 2006 13:55:53 GMT -5
Blue Note Metals Raises $845,000 in Flow-Through Financing
13:28 EST Tuesday, March 21, 2006
Final tranche of Canoe Landing financing closed
Shares outstanding: 13.6 million
Symbol & Exchange: BNT-V
MONTREAL, March 21 /CNW/ - Blue Note Metals Inc. reports that it has raised $845,000 as part of its previously announced (December 2, 2005) non-brokered flow-through private placement. There were five participants.
In this most recent financing, the company raised the $845,000 by issuing 2,816,666 flow-through shares at $0.30. The flow-through common shares issued will be subject to a hold period of four months and a day which will expire on June 22, 2006.
When added to the $429,900 raised in the first tranche, which closed on December 30, 2005, the total of the financing is $1.27 million.
The proceeds of the private placement will be used to explore the Canoe Landing Lake property.
Blue Note Metals invites you to visit its website www.bluenotemetals.ca for more information on the company including a recent appearance on ROBTV by David Mason of Augen Capital
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.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
For further information: PLEASE CONTACT: LORNE WOODS, VICE PRESIDENT, CORPORATE DEVELOPMENT, BLUE NOTE METALS, (800) 937-3095, LWOODS@BLUENOTEMETALS.CA, WWW.BLUENOTEMETALS.CA
13:28 EST Tuesday, March 21, 2006
Final tranche of Canoe Landing financing closed
Shares outstanding: 13.6 million
Symbol & Exchange: BNT-V
MONTREAL, March 21 /CNW/ - Blue Note Metals Inc. reports that it has raised $845,000 as part of its previously announced (December 2, 2005) non-brokered flow-through private placement. There were five participants.
In this most recent financing, the company raised the $845,000 by issuing 2,816,666 flow-through shares at $0.30. The flow-through common shares issued will be subject to a hold period of four months and a day which will expire on June 22, 2006.
When added to the $429,900 raised in the first tranche, which closed on December 30, 2005, the total of the financing is $1.27 million.
The proceeds of the private placement will be used to explore the Canoe Landing Lake property.
Blue Note Metals invites you to visit its website www.bluenotemetals.ca for more information on the company including a recent appearance on ROBTV by David Mason of Augen Capital
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.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
For further information: PLEASE CONTACT: LORNE WOODS, VICE PRESIDENT, CORPORATE DEVELOPMENT, BLUE NOTE METALS, (800) 937-3095, LWOODS@BLUENOTEMETALS.CA, WWW.BLUENOTEMETALS.CA
