Columbus Energy Limited: 14,000,000 Unit Private Placement to Raise $700,000 Proceeding
12 Février 2010 - 4:30AM
Marketwired
Columbus Energy Ltd. (TSX VENTURE: CEL) -
The Company is continuing to proceed with the private placement
first announced in its news release of December 17, 2009.
The placement is for up to 14,000,000 units at a price of $0.05
per unit to raise up to $700,000. Each unit will consist of one
common share and a transferable five year purchase warrant allowing
the purchaser to purchase an additional share at a price of $0.10.
A finder's fee will be paid on a portion of the placement. The
placement is subject to regulatory approval.
The Company expects to be close the placement soon.
This news release includes certain "forward-looking statements".
All statements other than statements of historical fact included in
this release, including, without limitation, statements regarding
potential mineralization, exploration results and future plans and
objectives of the Company are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company's expectations include market
prices, exploitation and exploration results, availability of
capital and financing, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment, timeliness of
government approvals, unanticipated environmental impacts on
operations and other exploration risks detailed herein and from
time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements.
Neither 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.
Contacts: Columbus Energy Limited Douglas W. Scheving Director
and Corporate Secretary 1 604 684 7619 1 604 684 7346 (FAX)
Columbus Energy Limited (TSXV:CEL)
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