$2.75 Million PRIVATE PLACEMENT INCREASED TO $3.20 Million
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/ TSX Venture Exchange: PMV US PMVGF.PK Frankfurt/Berlin: AOJMW7 Issued & Outstanding: 148,989,570 Fully Diluted: 231,583,533
Proceeds from the private placement will be used to retire our outstanding secured debt, to pay down accounts payable and to expand the drilling program currently underway on our Kubi Gold project in
The private placement is subject to receipt of necessary stock exchange approvals.
On behalf of the Board, "Douglas R. MacQuarrie" Douglas R. MacQuarrie 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 or accuracy of this release.
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour.
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For further information: Douglas MacQuarrie, President & CEO, Telephone: (604) 682-8089, Toll-Free: 1 (888) 682-8089, Facsimile: (604) 682-8094; or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: [email protected]; Or visit the PMI Gold Corporation website at www.pmigoldcorp.com
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