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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

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rimeng

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NEW PP

in response to PP by asurebet

posted on Dec 03, 07 02:29PM

VANCOUVER, BRITISH COLUMBIA, Dec 3, 2007 (Marketwire via COMTEX News Network) --

Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL) announces the closing of the final tranche of a non-brokered private placement totalling $4,000,000. In the final tranche, $300,000 was raised through the issuance of 750,000 units at a price of $0.40 per unit. Each unit is comprised of one flow-through common share and one common share purchase warrant. Each share purchase warrant entitles the holder to acquire one non flow-through common share of the Company, at a price of $0.55 per share until November 28, 2008.

The shares issued in the final tranche of the private placement, and any shares to be issued on exercise of the warrants, are subject to a hold period expiring March 29, 2008.

The funds raised by way of the private placement will be used for exploration programs on the Company's West Raglan Project, located in northern Quebec.

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

David Patterson, Chairman

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