Eskay Mining Increases Flow-Through Offering and Closes Second Tranche of Flow-Through and Working Capital Offering
June 23 2010 - 8:19AM
Marketwired
ESKAY MINING CORP. ("Eskay" or the "Corporation") (TSX VENTURE:
ESK)(FRANKFURT:878 985)(BERLIN:878 985) wishes to announce that
further to its press releases of June 4, 2010 and June 11, 2010,
the Corporation is increasing its offering of flow-through units
(the "FT Units") by an additional $500,000 to an aggregate of
$3,000,000 or 12,000,000 FT Units.
In addition, Eskay also announces that it has completed the sale
of a further 416,000 FT Units priced at $0.25 per FT Unit for gross
proceeds of $104,000 and the sale of a further 100,000 working
capital units (the "WC Units") priced at $0.20 per WC Unit for
gross proceeds of $20,000. A cash fee of $1,800 was paid for the FT
Units.
All of the securities referred to herein are legended and
restricted from trading until at least October 17, 2010.
The current issued and outstanding capital is 83,525,111, after
above mentioned issuance of shares.
Cautionary Note Regarding Forward-Looking Statements: This Press
Release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially
from the statements made. When used in this document, the words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause
our actual results to differ materially from the statements made,
including those factors discussed in filings made by us with the
Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current
exploration programs, the general risks associated with the mining
industry, the price of gold and other metals, currency and interest
rate fluctuations, increased competition and general economic and
market factors, occur or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any
obligation to update these forward-looking statements, except as
required by law. Shareholders are cautioned not to put undue
reliance on such forward-looking statements.
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.
Contacts: Eskay Mining Corp. Mac Balkam President and Director
416-907-4020
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