WINNIPEG, Jan. 20 /CNW/ - Wildcat Exploration Ltd. (TSX-V: WEL) is
pleased to announce the close of a financing comprising non-brokered private
placements totaling 942,500 Units for $377,000 which was first announced
January 16, 2006.
The placements are comprised of Units. Each Unit is priced at $0.40,
consisting of one Common Share and one Warrant, each Warrant entitling the
holder to purchase one Common Share for a period of 24 months from the Closing
Date at a price of $0.50 per Share.
A 2% finder's fee of 2,000 Common Shares was paid on one private
placement.
Certain insiders have participated in the offer by purchasing 687,500
Units for a total of $275,000.
All of the securities issued are subject to a four-month hold period
pursuant to the policies of the TSX Venture Exchange.
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 has six properties
in Manitoba and Saskatchewan. Currently exploration is being conducted
aggressively in the Bissett gold mining camp, southeast Manitoba. Wildcat has
consolidated the largest under-explored land holdings (230 square kilometers)
in the Bissett camp. For further information on the company please visit our
website at www.wildcat.ca or contact us at info(at)wildcat.ca.
On behalf of the Board
"Edward Sawitzky"
President and COO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
