Columbia Yukon Closes Private Placement
28 9월 2010 - 11:27PM
Marketwired
Columbia Yukon Explorations Inc. (TSX VENTURE: CYU)(FRANKFURT: VOR)
(the "Company" or "Columbia Yukon") is pleased to announce that,
further to its news release dated August 20, 2010, Columbia Yukon
has closed its non-brokered private placement (the "Private
Placement"). The Company has raised $383,600 by the issuance of
2,557,333 flow through units (the "FT Units") at a price of $0.15
per unit. Each FT Unit consists of one flow through common share
and one share purchase warrant, with each warrant entitling the
holder to purchase an additional non-flow through common share at a
price of $0.15 for a period of two years from the closing date. All
of the securities issued pursuant to this Private Placement are
subject to a hold period expiring on January 28, 2011.
The Company intends to use the proceeds from the Private
Placement for furthering the exploration of the Company's Storie
Property molybdenum project.
About Columbia Yukon Explorations Inc.
Columbia Yukon is a Canadian mineral exploration company focused
on the development of its Storie Property molybdenum deposit
situated about 6 km southwest of Cassiar, British Columbia. The
Storie Property molybdenum deposit has an April 2009 updated NI
43-101 compliant Measured and Indicated Resource of 139.82 million
tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39
million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off
of 0.030% Mo). Cassiar, British Columbia is located 15 km by road
west of Highway 37 which connects to Watson Lake, Yukon, to the
north and Dease Lake and Stewart, British Columbia, to the
south.
Columbia Yukon Explorations Inc.
Douglas L. Mason, Director
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: Columbia Yukon Explorations Inc. Mr. Clive Shallow
Investor Communications 604-922-2030 or Toll Free: 1-888-888-9122
604-922-2037 (FAX) info@columbiayukon.com www.columbiayukon.com
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