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ALLIANCE MINING CORP. ANNOUNCES PRIVATE PLACEMENT
ALLIANCE MINING CORP. ANNOUNCES PRIVATE PLACEMENT
About this update from Alliance Mining Corp.
[{"type":"text","content":"\nALLIANCE MINING CORP. ANNOUNCES PRIVATE PLACEMENT\n\n\n Dec. 7, 2010 (TheNewswire.ca) -- Kamloops, British Columbia - Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the \"Company\" or \"Alliance\") announces a non-brokered private placement consisting of up to 1,250,000 units (the \"Units\") at a purchase price of $0.05 per Unit to raise gross proceeds of up to $62,500 (the \"Private Placement\"). Each Unit will consist of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of $0.08 per share. Directors of the Company may participate in the private placement.The securities issued will be subject to a hold period of four months and one day.The private placement replaces a previous announced non brokered private placement that was announced on November 5, 2009 and January 13, 2010 that was not completed due to poor market conditions.No finder's fees are payable on the Private Placement. Proceeds of the Private Placement will be used for working capital. The Private Placement will be subject to normal regulatory approvals.About Alliance:The Company's mission is focused on acquiring and delineating highly prospective mineral properties in central Arizona that have the right host rocks that have bulk tonnage potential that may be delineated by using cash flows from selective mining of the high-grade zones, this may generate substantial earnings for the Company to generate dividends for our shareholders while also increasing share valuation by sustainable resource building, while limiting dilution to shareholders.Should you wish to receive Company News, please email [email protected] and specify \"Alliance Mining News\" in the subject line.ON BEHALF OF THE BOARD\"Jan C. Ross\"Mr. Jan C. Ross, President and CEOFOR FURTHER INFORMATION PLEASE CONTACT:Alliance Mining Corp.Jan C. Ross, President and CEO(250) 319-4793The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.Certain of the statements made and information contained herein is \"forward-looking information\" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties...