Search Minerals Announces Non-Brokered Private Placement

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.

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