SAS to Complete Additional $6 Million Private Placement Offering

St Andrew Goldfields Ltd. (TSX:SAS)announced that it will complete an additional $6 million non-brokered private placement to Sprott Asset Management LP on behalf of certain funds and managed accounts.

The press release is quoted as saying:

SAS (operating as “SAS Goldmines”), is a gold mining and exploration company with an extensive land package in the Timmins mining district, northeastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada. SAS is focussed on developing its assets in the Timmins Camp which includes current and near-term gold production, and exploration activities.

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