Shamrock Finalizes Private Placement
22 September 2011 - 3:11AM
Marketwired Canada
Shamrock Enterprises Inc. (CNSX:SRS) (the "Company") announces that it has now
completed a private placement initially announced on June 14, 2011. The Company
issued an aggregate of 2,716,000 Units in three tranches, for gross proceeds of
$950,600. Each Unit consisted of one common share and one share purchase
warrant, exercisable for a two year period at $0.45 per share. The Company paid
a 7% cash finder's fee and issued finder's warrants equal to 7% of total
warrants issued.
Shamrock is preparing to carry out a fall drill program on the Fireweed Silver
Property located near Smithers, in the Babine Lake Area, Omineca Mining
Division, British Columbia, a polymetallic (Ag, Zn, Pb, Cu, Au) discovery of
massive sulphide and sulphide replacement type mineralization. Pursuant to an
option agreement dated February 17, 2010 the Company has the right to earn up to
a 70% interest in the Fireweed Property.
Shamrock Resources Ltd. is a junior exploration mining company focused on the
procurement, exploration and development of silver and other precious metal
properties in North America.
On behalf of the Board,
Gordon Osinchuk, President
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