COUGAR MINERALS CORPORATION ANNOUNCES OFFERINGS OF UNITS
June 9, 2011 - Cougar Minerals Corporation – TSX-V: COU (“Cougar” or the “Company”) announces a non-brokered offering of units of the Company’s securities of up to 7 million non flow-through units at a price of $0.05 per unit (the “NFT Units”). Each NFT Unit will consist of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to acquire one additional common share at a price of $0.10 per share for a period of 24 months after closing of the offering.
Additionally, the Company will offer units of the Company’s securities of up to 5 million flow-through units at a price of $0.06 per unit (the “FT Units”). Each FT Unit will consist of one common share and one-half of one common share purchase NFT warrant. Each full share purchase NFT warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of 24 months after closing of the offering.
The offerings may be subject to regulatory approval and all shares and any shares issued on exercise of the warrants are subject to restrictions on transfer for a period of four months from the closing of the offerings.
The Company may pay finder's fees in accordance with the policies of the TSX Venture Exchange.
Proceeds from the flow-through offering will be used for continued exploration of Cougar’s claims contiguous to San Gold’s holdings near Bissett, Manitoba; the proceeds from the non flow-through offering will be used for general corporate purposes.
The Company’s private placement of 10 million NFT units and 10 million FT units previously announced via news release on March 10, 2011 did not proceed and has been cancelled.
COUGAR MINERALS CORPORATION – AMENDMENT
June 9, 2011 - Cougar Minerals Corporation – TSX-V: COU (“Cougar” or the “Company”) hereby issues an amendment to its news release previously issued today announcing its offerings of units.
The proceeds from the flow-through offering will be used for continued exploration of Cougar’s mineral claims and not the claims contiguous to San Gold’s holdings near Bissett, Manitoba, as previously announced.
The Company apologizes for the error.
COUGAR MINERALS CORPORATION
