OAKVILLE, ON, Aug. 27, 2015 /CNW/ - Canoe Mining Ventures Corp.
(TSXV: CLV) ("Canoe") announces it is arranging a non-brokered
private placement of up to 6,000,000 common shares of Canoe at a
price of $0.05 per share for total
gross proceeds of up to $300,000 (the
"Private Placement"). Management, directors, and insiders of Canoe
intend on participating in the Private Placement, the net proceeds
of which are to be used for general working capital purposes.
The Private Placement is subject to the receipt of all required
regulatory and exchange approvals, and is expected to close on or
before September 15, 2015.
Additional information and corporate documents may be found on
www.sedar.com and on the Canoe website: www.canoemining.com.
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 news release.
On Behalf of the Board of Directors of Canoe,
Duane Parnham, President and CEO
Forward Looking Statements
This news release
includes certain forward-looking statements or information. All
statements other than statements of historical fact included in
this release or other future plans, objectives or expectations of
Canoe are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Canoe's plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory
approvals and other risks detailed herein and from time to time in
the filings made by Canoe with securities regulators. Canoe
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation.
SOURCE Canoe Mining Ventures Corp.