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News Releases| | September 02, 2011
Kingsman Resources Increases Private Placement
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| | September 2, 2011 - Further to the Company's news release of August 29, 2011 the Company reports that the non flow-through portion of the private placement has been increased from 4.65 million units at a price of $0.06 per unit to 7.05 million units at a price of $0.06 per unit. The additional funds will be for the Company's working capital. The flow through portion remains at 5.45 million units at $0.08 per unit as previously announced. The company has received all subscriptions and is preparing documentation for TSX Venture Exchange acceptance.
About Kingsman Resources Inc.
Kingsman Resources Inc. is an exploration and development company with a particular focus on gold, copper, silver, lead, zinc, and molybdenum deposits with a potential for economic grades and large tonnages. The Company's current focus is the International Basin property located 35 miles south of Golden, British Columbia. The property has returned very high results for gold, silver, copper, lead and zinc from various rock samples. The Company also has an excellent prospect in its Luxor Molybdenum property located 28 kilometres northeast of Barriere, BC in the Kamloops Mining Division and the prospective Pathfinder gold, silver, copper (molybdenum, tungsten) property located 20 kilometres north of Grand Forks, BC, in the Boundary Mining District. Kingsman's goal is to find attractive early stage mineral properties, conduct exploration and promote them to a major company for additional development.
On Behalf of the Board of Directors
KINGSMAN RESOURCES INC.
"Robert McLaughlin"
Robert McLaughlin
Director
"Neither the 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." |
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| | You can view the Next News Releases item: Wed Sep 7, 2011, Kingsman Resources Closes Private Placement
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