ALLIANCE ANNOUNCES PRIVATE PLACEMENT

About this update from Alliance Mining Corp.

[{"type":"text","content":"\nALLIANCE ANNOUNCES PRIVATE PLACEMENT\n\n(via Thenewswire.ca)\n\n \nAlliance Mining Corp, is pleased to announce a non-brokered private placement of up to 3,000,000 units at a price of $0.25 per unit in the capital stock for total gross proceeds of up to $750,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.30 per share for a period of twenty-four months from the closing date of the private placement. Closing of this placement is conditional upon approval of the CNSX.\n\n\n \nFinder's fees of up to 8% and 8% broker warrants may be payable on the Private Placement. Proceeds of the Private Placement will be used for exploration and working capital. The Private Placement will be subject to normal regulatory approvals.\n\n\n \n43-101 Technical Report\n\n\n \nOn June 28, 2011, the Company announced that it completed a National Instrument 43-101 compliant technical report on the Company's Placeritas properties. This is the first comprehensive description of the geology and compilation of available information pertaining to potential gold, silver and copper deposits on the 4,111 acre properties located due south of Prescott, Arizona. This acreage is one of the largest assembled by a junior company in the region and is well situated within one of the most prolific historic gold mining regions.\n\n\n \nHighlights of the NI 43-101 compliant report are;\n\n\n \n-The property comprises 199 claims in four separate areas covering approximately 4,111 acres north and south of Highway 89 between Prescott and Congress Arizona, in an area with numerous old copper and gold mines and prospects.\n\n\n \n-In early 2011, Alliance completed an airborne geophysical survey program over the Copper Hill (Boston Arizona) area adjacent to the past productive Copper Basin area now being rehabilitated by Freeport McMoran. A separate survey was completed over the Silver Crown and Placerita South claims adjacent to the past productive Zonia mine. Both surveys outlined anomalous magnetics and electromagnetic anomalies which need to be examined in more detail.\n\n\n \n-There are three general trends within the geophysical data for the Silver Crown Area. The western trend is located along the entire western side...

More updates from Alliance Mining Corp.