Search Minerals Announces Non-Brokered Private Placement

- April 26th, 2010

Search Minerals Inc. (TSX VENTURE:SMY) reported a non-brokered private placement of up to 2,000,000 non flow-through units of the Company at a price of $0.50 CDN per non flow-though unit and up to 420,000 flow-through units of the Company at a price of $0.60 CDN per flow-through unit for gross proceeds of up to $1,252,000.

Search Minerals Inc. (TSX VENTURE:SMY) reported a non-brokered private placement of up to 2,000,000 non flow-through units of the Company at a price of $0.50 CDN per non flow-though unit and up to 420,000 flow-through units of the Company at a price of $0.60 CDN per flow-through unit for gross proceeds of up to $1,252,000.

The press release is quoted as saying:

Search Minerals Inc. and its wholly-owned subsidiary, Alterra Resources Inc., are Canadian resource companies focused on the acquisition and exploration of a variety of base metals, gold, rare earths, uranium and potash projects. The land holdings of the companies are exclusively in the Province of Newfoundland and Labrador.

Click here to access the entire press release

Click here to access Search Minerals Corporate Site

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