2010-01-07 20:40 ET - News Release
Mr. Clement Gagnon of CGE Resources reports
CGE RESOURCES 2009 L.P. IS PLEASED TO ANNOUNCE THE CLOSING OF ITS PRIVATE PLACEMENTS IN FLOW-THROUGH SHARES
CGE Resources 2009 LP has completed its private placements, in flow-through shares, for 2009, following the closing sessions held on Nov. 18, Dec. 16 and 29, 2009. CGE Resources 2009 invested in the exploration entities as shown in the attached table.
2009 FLOW-THROUGH INVESTMENTS
Name of the company Symbol
Metanor Resources Inc. MTO (TSX-V) Azimut Exploration Inc. AZM (TSX-V) Hinterland Metals Inc. HMI (TSX-V) Ditem Explorations Inc. DIT (TSX-V) Knick Exploration Inc. KNX (TSX-V) Eloro Resources Ltd. ELO (TSX-V) Champion Minerals Inc. CHM (TSX-V) Northern Superior Resources Inc. SUP (TSX-V) Appalaches Resources Inc. APP (TSX-V) Murgor Resources Inc. MGR (TSX-V)
The net proceeds of the investment in Metanor Resources will be entirely invested in Quebec (518,000 flow-through shares at 58 cents per share, for a total investment of $300,440).
The net proceeds of the investment in Azimut Exploration will be entirely invested in Quebec (175,000 flow-through shares at 86 cents per share, for a total investment of $150,500).
The net proceeds of the investment in Hinterland Metals will be entirely invested in Quebec (3.3 million flow-through shares at eight cents per share, for a total investment of $264,000).
The net proceeds of the investment in Ditem Explorations will be entirely invested in Quebec (3,125,000 flow-through shares at eight cents per share, for a total investment of $250,000).
The net proceeds of the investment in Knick Exploration will be entirely invested in Quebec (700,000 flow-through shares at 35 cents per share, for a total investment of $245,000).
The net proceeds of the investment in Eloro Resources will be entirely invested in Quebec (1.65 million flow-through shares at 12 cents per share, for a total investment of $198,000).
The net proceeds of the investment in Champion Minerals will be entirely invested in Quebec (460,000 flow-through shares at 55 cents per share, for a total investment of $253,000).
The net proceeds of the investment in Northern Superior Resources will be invested in Ontario (1.25 million flow-through shares at 12 cents per share, for a total investment of $150,000).
The net proceeds of the investment in Northern Superior Resources (second investment) will be invested in Ontario (1.25 million flow-through shares at 12 cents per share, for a total investment of $150,000).
The net proceeds of the investment in Appalaches Resources will be invested in Nova Scotia (two million flow-through shares at 10 cents per share, for a total investment of $200,000).
The net proceeds of the investment in Murgor Resources will be invested in Saskatchewan (1.1 million flow-through shares at 18 cents per share, for a total investment of $198,000).
All of the securities issued pursuant to the private placement will be subject to a statutory hold or restricted period of four months and one day as of the day of the investment. The net proceeds of the investments will contribute to further the exploration activities of those companies. ----------- Bahnfahrn macht Spaß!!
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