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2010
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We continue to explore Kubi to find new high grade ore shoots to add to the already defined 604,085 ounce indicated gold resource at the Kubi Main zone which was the subject of a NI 43-101 assessment by Golder Associates Ltd.
At the Nkran deposit at Obotan, drilling has confirmed the presence of magnetic pyrite which is intimately associated with gold mineralization. This suggests that magnetic susceptibility high anomalies at the intersection of favourable structural breaks may represent yet undiscovered gold mineralization and will be high priority exploration targets.
Douglas MacQuarrie,
President & CEO
August 2010
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| | Thu Jun 28, 2007
Private Placement 3.6 Million Units -- Can$1,008,000 Announced
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| | June 28, 2007, Vancouver BC - PMI Gold Corporation (TSX.V:PMV) -- Douglas MacQuarrie, President, announces a non-brokered private placement to exempt investors of up to 3,600,000 units at a price of $0.28 per unit to raise up to $1,008,000.
Each unit consists of one share and one share purchase warrant at a price of $0.375 if exercised within the first year and at a price of $0.45 if exercised in the second year. A finders fee of 7.5% in cash and 5% Brokers warrants is payable.
Funds raised from this private placement will be used for exploration on the Company's Ghana gold projects and for general working capital.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
President & CEO
For further information please contact:
Douglas R. MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at
or John Mullen: Tel: 41-522-428795, e-mail: John Mullen@bluewin.ch
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com (in German: http://pmi.goldseiten.de)
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE OR DISTRIBUTION IN THE USA.
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. |
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| | You can view the Next News Releases item: Mon Jul 9, 2007, PMI Gold Releases RSG Global Report on Mining Potential of Nkran, Ghana, Gold Mine
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