Hinterland Closes $175,000 Financing
* Reuters is not responsible for the content in this press release.
VAL D'OR, QUEBEC, Jun 10 (MARKET WIRE) --
Hinterland Metals Inc. (TSX VENTURE: HMI) is pleased to report that it
has closed a non-brokered private placement for proceeds of $175,000
through the sale of 3,500,000 flow-through common shares ("FT shares) at
a price of $0.05 per FT share. The FT shares were sold pursuant to
exemptions from the prospectus and registration requirements of
applicable securities laws, subject to the receipt of necessary
regulatory approvals. Insiders Gregory Fekete ($7,500) and Vaughn
MacLellan ($7,500) subscribed for 8.6% of the private placement. All
securities issued pursuant to the private placement are subject to a hold
period of expiring October 11, 2009. The proceeds from the private
placement will be used by Hinterland to advance its exploration projects
in Quebec ($150,000) and in the rest of Canada ($25,000).
Investors are invited to visit the Hinterland IR Hub at
www.agoracom.com/IR/Hinterland where they can post questions and receive
answers or review messages already posted by other investors.
Alternatively, investors are able to e-mail all questions and
correspondence to HMI@agoracom.com where they can also request to be
added to the investor e-mail list in order to receive all future press
releases and updates in real time.
This release may contain forward-looking statements that are subject to
known and unknown risks and uncertainties that could cause actual results
to vary materially from targeted results. Such risks and uncertainties
include those described in the Company's periodic reports including the
annual report or in the filings made by the Company from time to time
with securities regulators. The Company undertakes no obligation to
publicly release the result of any revision of these forward-looking
statements to reflect events or circumstances after the date they are
made or to reflect the occurrence of an unanticipated event.
Shares Issued 51,185,401
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.
Contacts:
Hinterland Metals Inc.
Mark Fekete
President
Toll Free 1-877-874-8182
info@hinterlandmetals.com
www.hinterlandmetals.com
Note that Mr. Fekete will be in Europe until June 18, 2009.
Until then please call Rody Lazar at Agoracom
Toll Free 1-866-234-9934
Copyright 2009, Market Wire, All rights reserved.
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