Location

Minaurum Gold Inc. (“Minaurum”) is pleased to announce it has closed the second and final tranche of a non-brokered private placement raising $147,000. With this final tranche, Minaurum has raised a total of $2,654,625. There was no finder’s fee paid in connection with this tranche.

The proceeds of the private placement will be used by Minaurum for working capital purposes.

Minaurum also announces that it has granted 1,600,000 incentive stock options under its stock option plan to officers, directors and consultants of the Company. The options granted to directors and officers will replace options that recently expired. The options are exercisable at a price of $0.10 per share for a period of five years.

Minaurum Gold is a gold-copper explorer with a portfolio of projects in Mexico. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel(http://www.minaurum.com/s/VideoGallery.asp).

ON BEHALF OF THE BOARD

"Darrell A. Rader"

Darrell A. Rader President and CEO

For more information, please contact:

Sunny Pannu –Investor Relations Manager (778) 330 0994 or via email at [email protected]

 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

1500 – 409 Granville St.
Vancouver, BC V6C 1T2
Telephone 778 330 0994
www.minaurum.com
[email protected]

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the intended use of proceeds, constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information currently available to Minaurum, including that the Minaurum is able to obtain any required government or other regulatory approvals, equipment and personell for its planned operations and that actual results of exploration activities will be consistent with management’s expectations. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including actual results of Minaurum’s operations being different than those expected by management and delays in obtaining or failure to obtain required government or other regulatory approvals, equipment, personnel or financing. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Original Article: http://www.minaurum.com/s/NewsReleases.asp?ReportID=732748&_Type=News-Releases&_Title=Minaurum-Closes-Final-Tranche-of-Financing

SHARE THIS POST?

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.