Devonshire Resources Announces Private Placement

Mon Jul 14, 2008 8:56pm EDT
 
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VANCOUVER, July 14 /PRNewswire-FirstCall/ - Devonshire Resources Ltd., (TSX-V:
DSH, OTCBB: DSHRF) announces that it proposes to raise up to $150,000 through
a non-brokered private placement to pursue exploration activities and for
working capital.
The private placement will consist of 600,000 units at $0.25 per unit. Each
unit will comprise one share and one warrant, each warrant entitling the
holder to purchase one share at $0.35 per share for 2 years.
A finders fee of 7% will be payable in units. This financing is subject to
approval of the TSX Venture Exchange.

ON BEHALF OF DEVONSHIRE RESOURCES LTD.

"Tim Crowhurst"
Tim Crowhurst
President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release. Statements in this press release
other than purely historical information, including statements relating to the
Company's future plans and objectives or expected results, are forward-looking
statements. Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the Company's
business, including risks inherent in resource exploration and development. As
a result, actual results may vary materially from those described in the
forward-looking statements.

SOURCE  Devonshire Resources Ltd.

(604) 764-5099, www.devonshireresources.com

 

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