Business
Search Minerals announces non-brokered private placement
VANCOUVER, Sept. 14, 2012 /CNW/ - Search Minerals Inc. ("Search" or the "Company") (TSXV: ...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Sept. 14, 2012 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) advises that, further to its press release of earlier today announcing a\n non-brokered private placement to raise up to $252,000 through the sale\n of flow-through units (the \"FT Units\"), it intends to use 100% of the gross proceeds to fund a drill program\n at its heavy rare earth element prospect at Pesky Hill.\n\n\nCompletion of the private placement is subject to TSX Venture Exchange\n approval.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility of the adequacy or accuracy of this release.\n\n\nAbout Search Minerals\n\n\nSearch Minerals Inc. (TSXV:SMY) is a TSX Venture Exchange listed\n company, headquartered in Vancouver, B.C. Search is the discoverer of\n the Port Hope Simpson REE District, a highly prospective light and\n heavy REE belt located in southeast Labrador where the company controls\n a dominant land position in a belt 135km long and up to 12km wide.  In\n addition, Search has a number of other mineral prospects in its\n portfolio located in Newfoundland and Labrador, including a number of\n claims in the Strange Lake Complex, where Quest Rare Minerals has an\n earn-in agreement with the Company; and at the Red Wine Complex, where\n Great Western Minerals Group has a Joint Venture with the Company.\n\n\nFurthermore, Search Minerals is the owner of patents relating to the\n Starved Acid Leaching Technology (\"SALT\"), a process with the potential\n to economically recover nickel and cobalt from known deposits currently\n considered sub economic.\n\n\nSearch Minerals is led by a management team and Board of Directors with\n a proven track record in the mining industry. The Company has\n experienced geological and metallurgical teams led by Dr. Randy Miller\n and Dr. David Dreisinger respectively.\n\n\nAll material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at sedar.com.\n\n\nCautionary Statements\n\n\nThis news release contains forward-looking statements that are not\n historical facts. Forward-looking statements involve risks,\n uncertainties and other factors that could cause actual results,\n performance, prospects, and opport...