WINNIPEG, May 12 /CNW/ - Wildcat Exploration Ltd. is pleased to announce
the commencement of a non-brokered financing to raise gross proceeds of up to
$1,250,000. Each Unit, at a subscription price of $0.30, consists of one
Common Share and one Warrant, each Warrant entitling the holder to purchase
one Common Share for a period of 12 months from the Closing Date at a price of
$0.40 per Share. The offering is scheduled to close on or about June 12, 2006,
and is subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory approvals.
Proceeds from this offering will be used to cover administrative cost
associated with the Company's on-going projects in the Bissett and Snow Lake
areas of Manitoba and the Foster River base metal project in Saskatchewan.
About Wildcat Exploration
Wildcat is a Winnipeg-based mineral exploration company actively
exploring for gold and base metals in Canada. The company specializes in
generating projects in-house and presently has six properties in Manitoba and
Saskatchewan. Currently exploration is being conducted in the Bissett gold
mining camp, southeast Manitoba. Wildcat will explore the Zinc, Silver, Lead
potential of the Wollaston Domain, Saskatchewan, along with Phelps Dodge and
BHP-Billiton, companies recently active in the area.
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On behalf of the Board
"Mr. Sol Prizant"
President and CEO
>>
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
