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Message: Announces Results of Kings Minerals Share Purchase Plan Offer
| April 24, 2009 |
| San Anton Announces Results of Kings Minerals Share Purchase Plan Offer |
| TORONTO, ONTARIO--(Marketwire - April 24, 2009) - San Anton Resource Corporation (TSX:SNN) wishes to announce that its principal shareholder, Kings Minerals NL, based in Australia and listed on the Australian Stock Exchange (ASX:KMN), has completed the previously announced share purchase plan offer to its own shareholders, raising a total of AUD$886,500. In addition to the share purchase plan, Kings Minerals NL has also raised AUD$1,277,050 through the placement of additional ordinary shares. Kings Minerals has also announced that the funds raised from this placement will be applied towards the undertaking of pre-feasibility and feasibility studies into their two flagship projects, the Kalman Project in the Mt Isa Inlier and the San Anton Project in Guanajuato Mexico, as well as towards ongoing corporate costs. About San Anton Resource Corporation San Anton Resource Corporation is an exploration and development company that is listed on the Toronto Stock Exchange and is totally focused on the mining friendly jurisdiction of Mexico. The Company's principal asset is a 66% interest in the San Anton Property (Goldcorp 34%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Measured & Indicated Mineral Resource of 461 million tonnes grading 0.27g/t gold (3.9Moz), 11g/t silver (163Moz) and 0.11% copper (1.09Blb) and an Inferred Mineral Resource of 166 million tonnes grading 0.11g/t gold (0.6Moz), 7 g/t silver (39Moz) and 0.10% copper (0.36Blb). The deposit remains open in several directions. Metallurgical test work and engineering studies are currently underway to complete a Pre-Feasibility Study and to advance the project towards development. |
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