| ||Mon Jan 14, 2008|
Private Placement Increased
| ||January 14, 2008, Vancouver BC - PMI Gold Corporation (TSX.V:PMV) -- Douglas MacQuarrie, President, announces that the private placement to exempt investors previously announced on November 27 has been increased from 10 million units to up to 14.3 million units at a price of $0.28 per unit to raise up to $4,000,000. |
There has been no change in the pricing of the unit. Each unit consists of one share and one half 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. Finders fees will be payable.
Funds raised from this private placement will be used to fund engineering studies to advance the Company's Kubi and Obotan gold projects in Ghana, 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
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: firstname.lastname@example.org
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.
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. We Seek Safe Harbour.
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