VANCOUVER, Sept. 27 /CNW/ - Ross River Minerals Inc. (TSX-V: RRM) (the
"Company") announces that the private placement announced on August 19 and 29,
2005 has closed. The company has issued 6,400,000 units for gross proceeds of
$1,600,000. Each unit consists of one share and one-half share purchase
warrant; each full share purchase warrant entitles the holder to purchase a
common share for a period of two years at $0.35 per share. Finder's fees of
$23,880 and 238,800 warrants have been paid to Leede Financial Markets Inc.,
$16,000 and 160,000 warrants to Haywood Securities Inc., $36,000 and 360,000
warrants to Bolder Investment Partners Ltd. and $22,500 to L. Sadler. The
broker warrants have the same terms as the share purchase warrants and the
securities have a four month hold period until January 23, 2006. Two directors
of the Company purchased 212,000 units of the placement.
The net proceeds from this private placement will be used for general
working capital and expenditures on the Company's El Pulpo property located in
Sinaloa State, Mexico.
To find out more about Ross River Minerals (TSX-V: RRM) visit our website
at www.rossriverminerals.com.
ROSS RIVER MINERALS INC.
Per: "Marcus N. Foster"
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Marcus N. Foster, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or the adequacy of this release.