Jun. 15, 2010 (Filing Services Canada) -- Champlain Resources Inc. (CPL.H - TSX Venture NEX), ("Champlain" or the "Corporation"), listed on the TSX Venture NEX Exchange under the trading symbol "CPL.H", is pleased to announce that on June 14, 2010 the TSX has accepted for filing documentation with respect to a non-brokered private placement announced April 28th 2010.
This first tranche of the non-brokered financing consisted of 2,000,000 shares at a price of $0.05 and 2,000,000 warrants exercisable at $0.10 for a one year period. This first tranche will be used for working capital. The warrants will not be eligible for any future term extension.
The common shares issued under the offering and upon exercise of the warrants are subject to a four-month hold period expiring on September 19, 2010.
For further information contact:
Mr. Troy Mochoruk
Chairman & CEO
#1614, 246 Stewart Green SW
Calgary, AB T3H 3C8
Tel: (403) 618-8989
E-mail: troy@champlainresources.com
www.champlainresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Source: Champlain Resources Inc. (CPL.H - TSX-V)
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