VANCOUVER, Canada – Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), is pleased to announce that it has competed a tranche of a private placement financing of up to 10,000,000 shares at a price of $0.20 per share for gross proceeds of up to $2 mill.
The Company has sold 1,000,000 shares for gross proceeds of $200,000 pursuant to this tranche.
The Majority of the Proceeds of the placement will be used to fund the continuing development of our exploration program with a portion also going towards general working capital. The placement is subject to the approval of the TSX Venture Exchange.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 7,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. For additional information regarding the above noted property and other corporate information, please visit the Company’s website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Phone: 604-960-0535
Email: info@viscountmining.com
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.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to that the program by SCOA will consist of field sampling and reconnaissance that will advance the Property. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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