Search Minerals Closes Non-Brokered Private Placement

- June 1st, 2010

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.

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.

Click here to access the entire press release

Click here to access Search Minerals Corporate Site

Leave a Reply