VANCOUVER, Dec. 22 /CNW/ - Logan Resources Ltd. (TSXV:LGR) ("The Company") today announced it has closed a non-brokered private placement, previously announced on December 9, 2008.
The financing consisted of 2,857,143 flow-through shares at a price of $0.07 per share, for total gross proceeds of $200,000 (the "Offering"). No finder's fee was paid in connection to the Offering and all securities issued pursuant to the Offering are subject to a four-month hold period from the closing date.
As 2008 draws to an end, the management and staff of Logan Resources would like to wish all its loyal shareholders compliments of the season, and health and happiness in the new year.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD "Seamus Young" ---------------------------- Seamus Young President and CEO
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.