|
May 19, 2009, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX Venture) announces that it has borrowed from an arm's length lender the total sum of $130,000. The Company has agreed, subject to TSX Venture Exchange acceptance, to pay to the lender a bonus equal to 20% of the loan. The bonus will be paid by the issuance of 123,800 common shares at a price of $0.21 per share. The shares will be subject to a four month hold period from the date of issue.
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher Verrico, President and CEO
"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.
|