United Reef Limited

Advancing base and precious metals projects: McFauld's Lake - Sudbury Basin - Nova Scotia

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: United Reef Closes Private Placement of 1,437,500 Units
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United Reef Closes Private Placement of 1,437,500 Units

posted on Jan 16, 2008 06:40AM

United Reef Limited (URP – TSXV, URPL – CNQ) is pleased to announce that it has closed a non-brokered private placement of 1,437,500 Units at a price of $0.08 per Unit with private investors for proceeds of $115,000.  Each Unit consists of one common share and one common share purchase warrant.  Each common share purchase warrant entitles the holder to purchase one additional common share of United Reef at a price of $0.12 for a period of two years from December 21, 2007.   

 

Michael Coulter, President and Marilyn Turner, Secretary, of United Reef each subscribed for 156,250 Units of the private placement. 

 

The proceeds of the private placement will be used for general corporate purposes and asset acquisition investigations.  The securities issued pursuant to the private placement are subject to a four month hold period in accordance with applicable securities law and the policies of the TSX Venture Exchange. 

 

Upon completion of the private placement United Reef has a total of 65,860,980 common shares issued and outstanding.  


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