Vancouver, B.C., Jan 23, 2009 - Consolidated Spire Ventures ("the Company" TSX.V-CZS) is pleased to announce that the Company has arranged a non-brokered private placement of 10,000,000 units at $0.03 per unit, for the gross proceeds of $300,000. Each unit consists of one common share plus one share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.05 in the first year and $0.10 in the second year. A finder's fee will be payable in accordance with the policies of the TSX Venture Exchange. The terms of the private placement are subject to approval by regulatory authorities.
The proceeds of this private placement will be used to fund the exploration program at the Yago Property in Mexico, Prospect Valley Gold Property in BC and for general working capital. In addition, the Company will not amend the exercise price of stock options, which were previously announced on October 24, 2008.
FOR INFORMATION OR INVESTOR RELATIONS
CONTACT THE COMPANY AT (604) 662-7455
WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
"Brian Buchanan"
President and Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
