Inter-Rock Closes Private Placement
January 04 2008 - 1:45PM
Marketwired
TORONTO, ONTARIO announces that it has completed its
non-brokered private placement previously announced in the
Company's release of December 17, 2007. The Company issued
2,500,000 units at a price of $0.10 per unit, for gross proceeds of
$250,000. Each unit consists of one common share and one common
share purchase warrant exercisable for 24 months at $0.20. The
securities issued are subject to a four month hold period, ending
on May 5, 2008.
Proceeds will be used by the Company to finance exploration of
two of its properties in the historic mining districts of northern
Nevada. One of the two subject properties, Sentinel, is located in
Humbolt County. The second property, Stingaree Valley, is located
in Churchill County.
Inter-Rock also owns MIN-AD, Inc. MIN-AD owns and operates a
successful specialty dolomite business that supplies a mineral
supplement to the North American livestock feed industry and it
holds the claims for two zeolite deposits in northern Nevada.
Inter-Rock currently has 22,672,810 common shares issued and
outstanding.
No stock exchange or securities regulatory authority has
reviewed or accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Inter-Rock Minerals Inc. Michael B. Crombie President
(416) 367-3003 (416) 367-3638 (FAX) Email: iro@on.aibn.com
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