VAL D'OR, QC, Sept. 19 - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce that it has closed a non-brokered private placement (the "Offering") for gross proceeds of $182,000 through the sale of 1,300,000 flow through shares ("FT shares") at a price of $0.14 per FT-share.
The FT shares were offered pursuant to exemptions from the prospectus and registration requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals. No offering memorandum or other offering document has been furnished to subscribers of the FT shares. All securities issued pursuant to the Offering are subject to a four-month hold period ending January 20, 2008.
A finder's fee totaling $13,650 cash was paid and 130,000 non-transferable compensation warrants were issued in connection with the Offering. Each compensation warrant entitles the holder thereof to purchase one common, non-FT share of Hinterland at a price of $0.14 per share on or before September 20, 2008. The proceeds from the Offering will be used by Hinterland to advance its exploration projects in Canada.
Investors are invited to visit the Hinterland IR Hub at www.agoracom.com/IR/Hinterland where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This release contains forward-looking statements reflecting the Company's objectives, estimates and expectations for its projects. These statements are identified by the use of verbs such as "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology. By their very nature, these types of statements involve risk and uncertainty. Consequently, results could differ materially from the Company's projections or expectations.
For further information:
Mark Fekete, President at Toll Free
1-877-874-8182,
E-mail: info@hinterlandmetals.com
Website: www.hinterlandmetals.com
