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    Contact Exploration Announces Private Placement

    Investing News Network
    Apr. 14, 2010 10:15PM PST
    Resource Investing News

    Contact Exploration Inc. (TSX VENTURE:CEX)reported that the company has entered into a financing and reorganization agreement with Steve Harding which contemplates (i) the appointment of a new board of directors, (ii) the appointment of a new management team, and (iii) a non-brokered private placement of up to $3.5 million.

    Contact Exploration Inc. (TSX VENTURE:CEX)reported that the company has entered into a financing and reorganization agreement with Steve Harding which contemplates (i) the appointment of a new board of directors, (ii) the appointment of a new management team, and (iii) a non-brokered private placement of up to $3.5 million.

    The press release is quoted as saying:

    The New Board of Contact shall consist of the following individuals: Steve Harding, Don C. Stachiw, Steve Haysom and the New Management Team shall consist of the following individuals: Steve Harding, Proposed President and Chief Executive Officer, Ian Thomson, Proposed Chief Financial Officer

    Click here to access the entire press release

    Click here to access Contact Exploration Corporate Site

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