|
Mont Blanc Completes Private Placement
VANCOUVER, B.C., September 17, 2007 - Mont Blanc Resources Inc. (TSX-V:
MTN) (the "Company") announces that it has completed a private placement announced
on August 9, 2007 and accepted by the TSX Venture Exchange on September 12, 2007.
The Company has issued 4,000,000 Units at $0.10 per Unit for gross proceeds of
$400,000. Each Unit consists of one common share and one-half share purchase warrant.
Each whole Warrant entitles the holder to acquire an additional common share, at a price
of $0.20 per share until September 13, 2008. The shares, and any shares issued on
exercise of the Warrants, are subject to a hold period until January 15, 2008. No finder's
fees were paid.
Proceeds of the private placement will be applied towards working capital.
Company Contacts:
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Any statements regarding the company's future financial position, revenues, earnings, plans and objectives are forward-looking statements. Mont Blanc will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian Securities regulatory authorities by Mont Blanc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.
|
