Logan Resources closes private placement

About this update from Intrepid Metals Corp.

[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 22 /CNW/ - Logan Resources Ltd. (TSXV:LGR) ("The\nCompany") today announced it has closed a non-brokered private placement,\npreviously announced on December 9, 2008.\n\n\nThe financing consisted of 2,857,143 flow-through shares at a price of\n$0.07 per share, for total gross proceeds of $200,000 (the "Offering"). No\nfinder's fee was paid in connection to the Offering and all securities issued\npursuant to the Offering are subject to a four-month hold period from the\nclosing date.\n\n\nAs 2008 draws to an end, the management and staff of Logan Resources\nwould like to wish all its loyal shareholders compliments of the season, and\nhealth and happiness in the new year.\n\n\nLogan Resources Ltd. is a mineral exploration company that specializes in\nacquiring, exploring and advancing Canadian mineral properties. The Company\nhas a diversified portfolio of precious metal, base metal and uranium\nprojects. For more information on the property portfolio and the Company,\nplease visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.\n\n\nON BEHALF OF THE BOARD\n\n"Seamus Young"\n----------------------------\nSeamus Young\nPresident and CEO\n\n\nStatements contained in this news release that are not historical facts\nare forward-looking statements, which are subject to a number of known and\nunknown risks, uncertainness and other factors that may cause the actual\nresults to differ materially from those anticipated in our forward looking\nstatements. Although we believe that the expectations in our forward looking\nstatements are reasonable, actual results may vary, and we cannot guarantee\nfuture results, levels of activity, performance or achievements.\n\n\nThe TSX Venture Exchange has neither approved nor disapproved the\ninformation contained herein.\n\n\n","length":1959,"tagName":"div"}]

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