Sacre-Coeur Minerals, LTD. Announces Private Placement
April 13, 2010
VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD.(the"Company") is pleased to announce a non-brokered private placement to raise gross proceeds of up to CAD $1.225 million to a small group of accredited investors. Under the terms of the private placement, the Company will offer for sale a maximum of 1,750,000 Units (the “Units”) at CAD $0.70 per Unit.
Each Unit will consist of one Common Share of the Company and one-half of one share purchase warrant (the “Warrants”), where each whole Warrant will allow the subscriber to purchase one additional Common Share of the Company at CAD $1.00 for a period of two years from the closing date. The Company may, in its discretion, pay a cash finders fee of up to 7% of the total gross proceeds of the offering.
The Units issued upon the closing of the private placement will be subject to a 4-month hold period. The private placement is subject to the acceptance of the TSX Venture Exchange.
Proceeds from the private placement will be used to explore the Company’s properties located in Guyana and for working capital.
The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focussing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 1000 sq. km of mineral properties in Guyana, including the Million Mountain Property. The Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
“Gregory B. Sparks”
President and CEO
For further information, contact:
Gregory B. Sparks, President and CEO
Scott Young, Corporate Communications – Canada
Phone: : 705-888-2756
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
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