Grenville arranges $500,000 private placement

 

2008-01-18 16:07 ET - News Release

Mr. A. Paul Gill reports

GRENVILLE ARRANGES PRIVATE PLACEMENT OF UP TO 1.5 MILLION UNITS AT $0.30

Grenville Gold Corp., subject to regulatory approval, has arranged a non-brokered private placement of up to 1.5 million units at a price of 30 cents per unit for proceeds of $500,000. Each unit will consist of one common share of Grenville and one full share purchase warrant, exercisable at a price of 45 cents for a period of one year from the date of issue. All securities issued under the private placement will be subject to a four-month hold period from the date of issue. Finder's fees may be payable in connection with this private placement.

The proceeds of the proposed offering will be used for general working capital purposes.

We seek Safe Harbor.

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