Windarra Minerals Ltd. Announces Private Placement
02.05.2013 | Presse Minen
VANCOUVER, May 2, 2013 - Windarra Minerals Ltd. (the "Company") (TSX.V:WRA) announces amended terms to its previously announced private placement (see news release April 16, 2013). In order to raise capital under the TSX Venture Exchange’s temporary relief measures the Company has amended the terms of its non-brokered private placement (the “Offering”), subject to acceptance of the TSX Venture Exchange (the "Exchange"), to issue up to 3,300,000 units (the “Units”) at a price of $0.035 per Unit for gross proceeds of $115,500. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the Company for a period of 5 years, at a price of $0.05 during the first year and at $0.10 for the remaining four years
Net proceeds from the Offering will be used for general working capital.
On Behalf of the Board, Windarra Minerals Ltd.
John Pallot
President, Director
For further information, please contact:
Windarra Minerals Ltd.
300–1055 West Hastings Street, Vancouver, BC, V6E2E9
John Pallot, President
(604) 688-1508, (604) 601-8253 (FAX)
info@windarra.com
www.windarra.com
Neither the 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.
This news release required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The foregoing arrangements are subject to regulatory acceptance.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Net proceeds from the Offering will be used for general working capital.
On Behalf of the Board, Windarra Minerals Ltd.
John Pallot
President, Director
For further information, please contact:
Windarra Minerals Ltd.
300–1055 West Hastings Street, Vancouver, BC, V6E2E9
John Pallot, President
(604) 688-1508, (604) 601-8253 (FAX)
info@windarra.com
www.windarra.com
Neither the 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.
This news release required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The foregoing arrangements are subject to regulatory acceptance.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES