Colombian Mines Corporation Announces Increase to Previous Private Placement Unit Financing

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[{"type":"text","content":"\n\n\n\n Feb. 9, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, Feb. 9 /CNW/ - (TSX Venture Exchange: CMJ) - Colombian Mines Corporation ("Colombian\n Mines" or "the Company") is pleased to announce that, in connection with its previously announced\n private placement unit offering (the "Brokered Offering") led by\n Canaccord Genuity Corp. (the "Agent"), it has increased the\n over-allotment option of the Brokered Offering from C$756,000 to\n C$1,757,000  (the "Over-Allotment Option", and together with the\n Brokered Offering, the "Offering").  If the Over-Allotment Option is\n fully exercised, the gross proceeds from the Offering will be\n C$6,762,000. \n\n\nThe proceeds raised under the Offering will be used for exploration and\n development of the Company's mineral properties in Colombia and for\n general working capital purposes.\n\n\nClosing of the Offering is anticipated to occur on or before March 1,\n 2011 and is subject to receipt of applicable regulatory approvals\n including approval of the TSX Venture Exchange.  Securities issued\n under the Offering will be subject to a four month hold period which\n will expire four months from the date of closing. \n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the secur...

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