Consolidated Spire Ventures (”the Company”) is pleased to announce that it has arranged a non-brokered private placement of 5,000,000 units at $0.125 per unit, for gross proceeds of $625,000. Each unit will consist of one common share plus one share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.20 in the first year and $0.30 in the second year. A finder’s fee will be payable in accordance with the policies of the TSX Venture Exchange.
The proceeds of this private placement will be used to pay for the exploration program at the Yago Property in Mexico, Prospect Valley Gold Property in BC, and for general working capital.
The terms of the private placement are subject to approval by regulatory authorities.
FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY AT (604) 662-7455 or www.agoracom.com/ir/Consolidatedspire WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
“Brian Buchanan” President and Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.