|September 03, 2004|
Crowflight Minerals Inc. Closes Financings For $0.5 Million
|TORONTO: CROWFLIGHT MINERALS INC. (TSX-V: CML) announced today that it has completed the second tranche of its previously announced private placement of 1,020,333 flow-through shares at a price of $0.49 per share for gross proceeds of $499,963.17.|
Proceeds from the offering will be used for exploration at the AER-Kidd property located on the Worthington Offset in the Sudbury Basin.
Crowflight granted to Loewen, Ondaatje, McCutcheon Limited compensation warrants to acquire 30,608 common shares exercisable at $0.49 per share for a period of two years.
Crowflight Minerals is a Canadian junior mining exploration company listed on the TSX Venture Exchange. Crowflight is currently focused on two properties located in the Sudbury Basin: the AER-Kidd property is located on the Worthington Offset nearby Inco's Totten & McIntyre mines and FNX Mining's Victoria project. The Airport property is located on the south-east rim of the Basin about 1.2 km east of Falconbridge's past producer, Norduna Mines and 4km south-east of Falconbridge's recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near to their past producer, Nickel Rim Mine.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION IN THE UNITED STATES
For further information:
Mark Brennan, VP Business Development
(416) 364-2266, (877) 600-6001
Keith C. Minty, P. Eng, President & CEO,
You can view the Next News Release item: Wed Sep 8, 2004, Crowflight to Commence Major Surface and Underground Drilling Program at Bucko Deposit Within the Thompson Nickel Belt
You can view the Previous News Release item: Fri Aug 20, 2004, Update On Crowflight Press Release Issued August 18, 2004
You can return to the main News Release page, or press the Back button on your browser.