
SACRE-COEUR OBTAINS RECEIPT FOR FINAL PROSPECTUS
October 25, 2005
Sacre-Coeur Minerals, Ltd. (the "Company") announces that it has obtained the receipt for its final Prospectus relating to its Initial Public Offering of 8,000,000 Units at the price of $1.50 per Unit for aggregate gross proceeds of $12,000,000. Each Unit will consist of one Common Share of the Company and one-half of one Share Purchase Warrant. Each whole Warrant will entitle the holder to purchase one additional Common Share of the Company for a period of 24 months after the closing of the offering at a price of $2.00. The Company’s agents for the offering are Haywood Securities Inc., Credifinance Securities Limited, Sprott Securities Inc. and Blackmont Capital Inc.
The Company has also agreed to grant to the Agents the option to increase the number of Units to be sold pursuant to the Offering by up to 800,000 Units having the same terms as set forth above for the purposes of covering over-allotments, if any, which if exercised, will result in additional aggregate gross proceeds to the Company of up to $1,200,000.
About Sacre-Coeur
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 850 square miles 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.
Irwin Olian
Chief Executive Officer and President
For further information, contact:
Irwin Olian, President and CEO
Email: tigertail@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200
Mark Hatton
Email: mark@scminerals.com
Phone: 250-748-2144
Fax: 604-899-0200
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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Investor relations contacts
Lee Dunston, Corporate Communications – Canada
Phone: (604) 899-0100
Fax: (604) 899-0200
Email: lee@scminerals.com
Marlies Studer, Corporate Communications - Europe
Phone: +41-44-215-2803
Email: marlies@scminerals.com