 |
|
| |
News Releases
| | December 19, 2008
Private Placement
|
| | Triple Dragon Resources Inc. (the "Company") announces a private placement for total proceeds of up to $300,000.
The private placement will consist of up to 2,000,000 units at a price of $0.15 per unit, each unit consisting of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one additional common share of the Company at a price of $0.25 for a period of one year. 1,000,000 of the units will be offered on a flow-through basis, with the common share comprising the unit consisting of a flow-through common share.
Proceeds from the flow-through portion of the private placement will be used towards the 2009 exploration program on the Company's Murray Property and the remaining proceeds will be used towards general working capital. A finder's fee may be payable in accordance with the policies of the Canadian National Stock Exchange (CNSX).
On Behalf of the Board of Directors
TRIPLE DRAGON RESOURCES INC.
David Hodge
President and Director
Tel: 604 681 1568
The CNSX does not accept responsibility for the
adequacy or accuracy of this news release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding the 2009 exploration program on the Murray Property.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include: misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. |
| |
| | You can view the Next News Releases item: Wed Dec 31, 2008, First Tranche of Private Placement Completed
You can view the Previous News Releases item: Thu Dec 18, 2008, Exploration Update
You can return to the main News Releases page, or press the Back button on your browser.
|
|
| |
