EXP Experion Holdings Ltd

Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") is pleased to announce it has completed a non-brokered exempt private
placement financing of 1,062,500 Units at $0.80 per Unit for gross proceeds of
$850,000. The executive officers and a director participated in the private
placement financing.


Each Unit is comprised of one common share and one non-transferable Warrant.
Each Warrant entitles the holder to purchase one additional common share at
$1.20 per share until July 10, 2010. The Warrant is callable, at the option of
Canadian Shield, after November 10, 2009 in the event its common shares trade at
or over $1.60 per share for 10 consecutive trading days. In connection with the
financing, the Company agreed to pay finders fees of $44,500, representing 10%
of the gross proceeds from the Units placed by qualified finders.


The 1,062,500 common shares issued under the private placement and any shares
issuable upon the exercise of the Warrants are subject to a four month
regulatory hold period. Immediately following the closing of this financing,
Canadian Shield has 7,650,034 common shares issued and outstanding. The closing
of the private placement is subject to the acceptance of the TSX Venture
Exchange.


The net proceeds of the offering will be used for: drilling and analytical
analysis at Colpayoc Property; property earn-in payments and community
agreements at Colpayoc Property; property license fees; and working capital and
general corporate purposes.


Investors are invited to visit the Canadian Shield IR Hub at
http://www.agoracom.com/IR/CanadianShield where they can post questions and
receive answers or review questions and answers already posted by other
investors. Alternatively, investors may e-mail all questions and correspondence
to EXP@agoracom.com where they can sign up for the investor e-mail list to
receive press releases and updates in real time.


About Canadian Shield Resources Ltd. (TSX VENTURE:EXP)

Canadian Shield acquires and explores strategically-located precious and base
metal properties in South America. The Company controls a portfolio of eight
exploration properties located in Peru and Chile. Canadian Shield will continue
to focus on project generation and joint venture opportunities to provide
shareholders with interests in a broad portfolio of South American mineral
properties. The Company's shares are listed on the TSX Venture Exchange (Trading
Symbol TSX-V: EXP). Further information is available at Canadian Shield's
website: www.canadianshieldresources.com.


STATEMENTS IN THIS PRESS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION,
INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS
AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS. THE FOLLOWING ARE IMPORTANT FACTORS THAT COULD CAUSE THE COMPANY'S
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH
FORWARD-LOOKING STATEMENTS: RISKS INHERENT IN EXPLORATION; RISKS ASSOCIATED WITH
DEVELOPMENT, CONSTRUCTION AND MINING OPERATIONS; CHANGES IN THE WORLD WIDE PRICE
OF COMMODITIES; THE UNCERTAINTY OF FUTURE PROFITABILITY AND THE UNCERTAINTY OF
ACCESS TO ADDITIONAL CAPITAL.

Experion (TSXV:EXP)
Historical Stock Chart
From Jul 2024 to Aug 2024

Experion (TSXV:EXP)
Historical Stock Chart
From Aug 2023 to Aug 2024