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Message: Goldnev Resources Inc. announces private placement financing

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Goldnev Resources Inc. announces private placement financing

posted on Aug 17, 09 02:48PM

CALGARY, Aug. 17 /CNW/ - Goldnev Resources Inc. ("Goldnev" or the
"Corporation") (TSX Venture Exchange - "GNZ"), announces that it is proposing
to complete a non-brokered private placement financing of up to a maximum of
10,000,000 Units at $0.10 per Unit for gross proceeds of up to $1,000,000 (the
"Offering"). Each Unit will consist of one common share and one common share
purchase warrant. Each full warrant entitles the holder thereof to purchase
one common share of the Corporation at a purchase price of $0.15 for twelve
months from relevant closing of the sale of Units.
The proposed private placement transaction is subject to the approval of
the TSX Venture Exchange and all securities issued will be subject to a
standard four-month hold period.
The proceeds from the private placement will be used to pay a portion of
the Corporation's 2009 farm-in commitments for its Pasquia Hills oil shale
project, including the preparation of a pre-feasibility study and the oil
shale bulk sampling and processing program. The Offering proceeds will also be
used for oil and gas acquisitions and well re-completion costs and for general
corporate purposes. For further information on the private placement, please
contact the offices of Goldnev.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

About Goldnev

Goldnev Resources Inc. is a public energy company focused on conventional
and unconventional oil and gas production with assets in northeastern British
Columbia, southwestern Alberta and an oil shale development project in east
central Saskatchewan. Goldnev shares trade on the TSX Venture Exchange under
the symbol "GNZ."
Anyone wishing to be added to the Corporation's news release recipients
list may forward an e-mail request to info@goldnevresources.com.

For further information: on Goldnev, please visit our website at
www.goldnevresources.com, or email at info@goldnevresources.com or contact:
Mr. Marc Dame, President and Chief Executive Officer, Goldnev Resources Inc.,
Telephone: (403) 237-5711, Facsimile: (403) 718-0163, E-mail:
marcdame@goldnevresources.com, Suite 485, 708 - 11th Avenue S.W., Calgary,
Alberta, T2R 0E4