|
June 24, 2009, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX Venture) is pleased to announce the closing of the non-brokered private placement announced April 29, 2009. The private placement consists of 3,343,000 units at $0.20 per unit for total gross proceeds of $668,600. Each unit consists of one common share and one-half of one transferable share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of $0.30 per share on or before June 18, 2011.
For its efforts in finding certain placees, Canaccord Capital Corporation received a cash payment of $39,160 and a warrant entitling it to purchase up to 195,800 common shares of the Company at a price of $0.30 per share until June 18, 2011.
All securities issued under the placement are subject to hold periods expiring on October 19, 2009.
Proceeds of the private placement will be used for exploration projects and for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Dickie"
Peter Dickie, Director
"Neither 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."
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has not filed a National Instrument 43-101 report on any property, but will do so as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
|
Lateegra Gold Corp. 
