(via Thenewswire.ca)
Confederation Minerals Ltd. (TSX VENTURE: CFM.V) (www.confederationmineralsltd.com) announces that of the 10,784,569 warrants issued through a private placement on January 17, 2011 (see news release of January 19, 2011), 10,155,111 have been exercised for total consideration of $4,569,799.95. The remaining 629,458 outstanding warrants issued through the January 17, 2011 private placement expired at 5pm PST on January 17, 2012.
About Confederation Minerals Ltd.
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an option agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario as well as 100% ownership in two other properties in the Red Lake Mining District of Ontario.
On Behalf of the Board,
Confederation Minerals Ltd.
"Lawrence Dick"
Lawrence A.Dick, Ph.D., P.Geo
President, CEO, and Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
Lawrence Dick, President
604.688.9588
lawrence.dick@barongroupintl.com
www.confederationmineralsltd.com
Copyright (c) 2012 Thenewswire.ca - All rights reserved.