Corporate Update: Lucky Minerals Inc. Closes Financing
(via Thenewswire.ca)
SURREY, BRITISH COLUMBIA | April 2, 2013 - Lucky Minerals Inc. ("Lucky Minerals" or the "Company") (TSXV:LJ) announces that the Company has raised an aggregate total of $500,000 through the sale of 1,000,000 units at $0.50 per unit (the "Units") pursuant to the private placement announced on January 10, 2013 (the "Financing"). The Financing as announced consisted of up to 1,000,000 units at $0.50 per unit of which 1,000,000 Units were sold. Each Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant exercisable into one Share in the equity of the company at a price of $0.75 per Share for a period of one year from the completion of the Financing, subject to an acceleration clause requiring the Warrants to be exercised within 30 days in the event the Company's shares trade at a value of $1.00 or more for 10 consecutive trading days. Shares issued as part of this Financing will be subject to a statutory hold period. The completion of the financing is subject to final approval by the TSX Venture Exchange.
Proceeds of the Financing will be used for general working capital purposes. There may be a finder's fee in respect to the Financing.
BY THE BOARD
"Sonny Janda" Sonny Janda
CEO & President
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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.
#200 8338 - 120 Street, Surrey, British Columbia V3W 3N4
Office: (604) 443 5060 Fax: (604) 592 6882
www.luckyminerals.com
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