Apr 23, 2012
Edgewater Announces Non-Brokered Private Placement
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia. Edgewater Exploration Ltd. ("Edgewater" or the "Company") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $3,000,000.
Pursuant to the non-brokered private placement the Company will issue up to 9,090,909 common shares of the Company at a price of $0.33 per share to eligible investors. Proceeds of the financing will be used to advance the Company's Corcoesto Gold Project and the Enchi Gold Project and for general working capital.
The securities issued in the private placement will be subject to a hold period of four months following the distribution date under applicable Canadian securities legislation.
A finder's fee will be paid in conjunction with the completion of the offering, payable in cash or the equivalent in common shares. The private placement is subject to TSX Venture Exchange approval.
About Edgewater Exploration Ltd.
Edgewater is a mineral development and exploration company focused on the development of precious metal properties. Edgewater has an experienced mine building and operating team with a track record of success. The Company is currently developing the Corcoesto Gold Project in northwest Spain, and exploring the Enchi Gold Project in Ghana, West Africa.
On behalf of the board of EDGEWATER EXPLORATION LTD.
President and CEO
For further information, please contact:
Ryan King, Vice President
Telephone: (604) 628-1012
"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.
You can view the Next News Releases item: Fri May 11, 2012, Edgewater Closes First Tranche of Private Placement
You can view the Previous News Releases item: Thu Mar 29, 2012, Edgewater Announces Additional In-Fill Drill Intercepts including 66.5 metres grading 2.00 g/t Gold for the Corcoesto Gold Project, Spain
You can return to the main News Releases page, or press the Back button on your browser.