Claim Post Resources Inc. Announces Extension of Non-Brokered Private Placement
11 Avril 2013 - 10:15PM
Marketwired Canada
Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") is pleased to
announce that the Company's Non-Brokered Private Placement (see press release of
February 21, 2013) has been granted an extension by the TSX Venture Exchange.
Claim Post Resources intends to complete a non-brokered private placement
offering (the "Offering") of up to 35,000,000 units (the "Units") at a price of
$0.10 per Unit for gross proceeds of up to $3,500,000. Each Unit is comprised of
one (1) common share and one (1) common share purchase warrant (a "Warrant").
Each Warrant is exercisable at an exercise price of $0.15 per share for a period
of three (3) years from the date of issuance.
All securities issued will be subject to a four (4) month hold period from the
date of closing. The Offering is subject to the approval of the TSX Venture
Exchange.
The extension of the Non-Brokered Private Placement is to May 8th, 2013.
Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company now has a
75% ownership right in 9 quarry leases near Seymourville, Manitoba which the
Company intends to develop as a source of fracking sands for the oil and gas
industry. The Company currently holds a 100% interest in the mineral rights to
about 1145 staked claim units and 63 patented claims (approx. 200 km sq. or 72
sq. miles), wholly within the city limits of Timmins, Ontario. There are
48,288,831 common shares of the Company issued and outstanding.
Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. The Company does not assume the obligation to update any
forward-looking statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Claim Post Resources Inc.
Charles Gryba
President and Director
416-810-6366
Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776
www.claimpostresources.com
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