Search Minerals Closes Non-Brokered Private Placement

Search Minerals Inc.(TSX VENTURE:SMY) reported that yesterday it closed a non-brokered private placement of 2,000,000 non flow-through units of the Company at a price of $0.50 per Non FT Unit and 420,000 flow-through units of the Company at a price of $0.60 per FT Unit to raise total proceeds of $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, exploration and development of rare-earth element projects and a variety of base metals, gold and uranium projects in the Province of Newfoundland and Labrador.

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