Stikine Closes $500,000 Private Placementadmin
Stikine Gold Corporation announces that, further to its press release of September 4, 2008, it has closed a private placement for gross proceeds of $500,000. 5 million units have been issued, each consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share until October 14, 2009 at a price of $0.15. All securities issued in connection with this financing are subject to a hold period expiring on February 15, 2009.
Proceeds from the private placement will be used for working capital and initial exploration of the Grant Gold project, located approximately eight kilometers southwest of Fort St. James, British Columbia.
For further information
Investor Relations, Tel: (604) 684-1900, Fax: (604) 684-2902, Email: email@example.com, Web: www.stikinegold.com