Whitemud announces closing of its previously announced C$15,001,000 "bought deal" financing

About this update from Whitemud Resources, Inc. Class A

[{"type":"text","content":"\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT\n\n\nAUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, June 26 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the\n"Company") (TSX VENTURE:WMK) is pleased to announce that it has completed the\n"bought deal" private placement financing originally announced on June 5,\n2008. The syndicate of underwriters was led by Thomas Weisel Partners Canada\nInc. and included Dundee Securities Corporation. Whitemud issued 2,143,000\nspecial warrants of the Company at a price of C$7.00 per special warrant\n("Special Warrant"), for aggregate gross proceeds of C$15,001,000 (the\n"Offering").\n\n\nEach Special Warrant shall be automatically exercised for no additional\nconsideration to acquire one common share in the capital of the Company,\nsubject to adjustment in certain events, at 5:00 pm (Calgary time) on the\nearlier of (a) the third business day after the date that a receipt is issued\nby the principal securities regulator for a final prospectus qualifying the\ncommon shares to be issued upon the exercise of the Special Warrants and (b)\nthe date that is 45 days following June 26, 2008 (the "Closing Date"). If the\nprincipal securities regulator has not issued a receipt for the final\nprospectus within 45 days of the Closing Date, the holder of each Special\nWarrant shall be entitled to receive 1.1 common shares in lieu of one common\nshare upon exercise of the Special Warrant.\n\n\nWhitemud plans to use the net proceeds of this financing for general\ncorporate purposes.\n\n\nThe securities issued under this Offering were offered by way of private\nplacement exemptions in certain provinces of Canada and in the United States\non a private placement basis pursuant to exemptions from the registration\nrequirements of the United States Securities Act of 1933, as amended.\n\n\nThe securities offered have not, nor will they be registered under the\nUnited States Securities Act of 1933, as amended, and may not be offered or\nsold within the United States or to, or for the account or benefit of, U.S.\npersons absent U.S. registration or an applicable exemption from the U.S.\nregistration requirements. This release does not constitute ...

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