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CSG: TSX-V
VANCOUVER,
June 25, 2014 /CNW/ - Cosigo
Resources Ltd. (TSX-V: CSG) (the "Company") announces that it
intends to complete a non-brokered private placement (the "Private
Placement") of up to 5,000,000 units (the "Units") at a price of
CDN$0.05 per Unit for gross proceeds
to the Company of up to CDN$250,000.
Each Unit will consist of one common share and one common share
purchase warrant. Each warrant will entitle the holder to acquire
for a period of three years one additional common share of the
Company at a price of CDN$0.10.
The net proceeds of the Private Placement will
be used for continuing work on its Machado Project in Colombia and for general corporate purposes.
In connection with the Private Placement, the Company may pay
finders' fees to certain arm's length finders in an amount equal to
5% of the proceeds from the sale of the Units.
The common shares and warrants comprising the
Units will be subject to a four-month hold period in accordance
with the policies of the TSX Venture Exchange and applicable
securities legislation. The Private Placement remains subject to
the approval of the TSX Venture Exchange.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a
Vancouver-based company with
mineral interests in properties in Brazil, Colombia and Canada. Cosigo has assembled a strong team,
well experienced in the exploration and mining-finance industries.
The Company's main focus is in the Taraira Gold Belt, which
straddles the border between northwestern Brazil and southeastern Colombia. In Brazil, geological mapping has identified more
than 250 km2 of prospective geology and sampling has
identified gold-bearing strata over long strike-lengths in several
locations. Cosigo's ongoing work in the Taraira Gold Belt is the
first modern exploration program in an area known to have hosted
more than 100 historic gold mining operations.
On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/ "Dennis Milburn"
President & CEO
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 of this news release.
SOURCE Cosigo Resources Ltd.