Consolidated Pine Channel Gold Corp. (TSX Venture:KPG) is pleased to announce the closing of its private placement totaling $1,250,000. These funds were raised by the Company issuing 12,500,000 units at a price of $0.10 per unit, each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.15 until April 10, 2008. Of the 12,500,000 units issued, 4,990,000 are flow-through units. The Company is pleased to have the following Hedge Funds participate in the private placement, Firebird Global Master Fund Ltd. and Adit Capital Management LLC.
The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period expiring August 11, 2006.
On Behalf of the Board
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Consolidated Pine Channel Gold Corp. Rick Walker, 306-664-3828 (Fax) 306-244-0042
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