VANCOUVER, Aug. 15, 2011 /CNW/ - Prosperity Goldfields Corp. (TSXV: PPG) (the “Company“ or “Prosperity“) announced today it has completed a private placement (the “Offering“) of 2,500,000 units (“Units“) at $0.68 per Unit for gross proceeds of $1,700,000. Each Unit consists of one common share and one common share purchase warrant (“Warrant“). Each Warrant entitles the subscriber to acquire one additional common share of the Company for a period of two years at $0.85 per common share. No finder's fees or commissions were paid in connection with the Offering.
About Prosperity Goldfields Corp.
Prosperity's principal business is the acquisition, exploration and development of resource properties for the mining of precious metals. Prosperity acquired the option to purchase the mineral claims comprising the “Kiyuk Property“ near Nueltin Lake in Nunavut. Prosperity's principal objective is to explore the Kiyuk Property. In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo. is the Qualified Person responsible for the accuracy of this news release.
For more information about Prosperity please visit: www.prosperitygoldfields.com
On Behalf of the Board of Directors Prosperity Goldfields Corp.
“R. Bruce Duncan“ R. Bruce Duncan, CEO and Director
“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.“
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VANCOUVER, Aug. 15, 2011 /CNW/ - Prosperity Goldfields Corp. (TSXV: PPG) (the “Company“ or “Prosperity“) announced today it has completed a private placement (the “Offering“) of 2,500,000 units (“Units“) at $0.68 per Unit for gross proceeds of $1,700,000. Each Unit consists of one common share and one common share purchase warrant (“Warrant“). Each Warrant entitles the subscriber to acquire one additional common share of the Company for a period of two years at $0.85 per common share. No finder's fees or commissions were paid in connection with the Offering.
