TORONTO, ONTARIO--(Marketwired - April 11, 2013) - Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") is pleased to announce that the Company's Non-Brokered Private Placement (see press release of February 21, 2013) has been granted an extension by the TSX Venture Exchange.
Claim Post Resources intends to complete a non-brokered private placement offering (the "Offering") of up to 35,000,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds of up to $3,500,000. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (a "Warrant"). Each Warrant is exercisable at an exercise price of $0.15 per share for a period of three (3) years from the date of issuance.
All securities issued will be subject to a four (4) month hold period from the date of closing. The Offering is subject to the approval of the TSX Venture Exchange.
The extension of the Non-Brokered Private Placement is to May 8th, 2013.
Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company now has a 75% ownership right in 9 quarry leases near Seymourville, Manitoba which the Company intends to develop as a source of fracking sands for the oil and gas industry. The Company currently holds a 100% interest in the mineral rights to about 1145 staked claim units and 63 patented claims (~200 km sq. or 72 sq. miles), wholly within the city limits of Timmins, Ontario. There are 48,288,831 common shares of the Company issued and outstanding.
Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.
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.
