VAL D'OR, QUEBEC-(Sept. 3, 2009) - Hinterland Metals Inc. (TSX VENTURE:HMI) has closed the second tranche of its non-brokered private placement announced on July 29, 2009. The Company issued 5,000,000 flow-through shares at a price of $0.06 per flow-through share for proceeds of $300,000.
The securities sold under the private placement were issued pursuant to exemptions from the prospectus and registration requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals and to a four month hold period ending January 3, 2010. The proceeds from the private placement will be used by Hinterland to advance its exploration projects within Canada. Pursuant to TSX Venture Exchange guidelines, finder's fees of $21,000 were paid in cash and 350,000 agent's warrants were issued, with each agent's warrant entitling the holder thereof to purchase one non-flow-through common share at an exercise price of $0.10 per share for 24 month period ending September 2, 2011.
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 messages 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 to be added to the investor e-mail list in order to receive all future press releases and updates in real time.
This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
Shares Issued 58,800,901
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Hinterland Metals Inc.
Mark Fekete
President
Toll Free: 1-877-874-8182
info@hinterlandmetals.com
www.hinterlandmetals.com
