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| Home : Curlew Lake Resources Inc. Announces That It Has Completed a Flow-Through Private Placement to Drill the Fairydell Project |
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Aug 26
2010 |
Curlew Lake Resources Inc. Announces That It Has Completed a Flow-Through Private Placement to Drill the Fairydell Project |
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LANGLEY, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - Curlew Lake Resources Inc. (the "Company") (TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) announces that it has completed a non-brokered flow-through private placement of units (the "Units") at a price of $0.05 per Unit for aggregate proceeds of up to $525,000. Each Unit will be comprised of one flow-through common share and one share purchase warrant (a "Warrant"), each Warrant entitling the holder to purchase one additional common share at a price of $0.10 for a period of two years from the date of closing of the private placement. The funds raised will be used for the upcoming drilling program in the Fairydell-Bon Accord area of central Alberta. Due to the exceptional potential risk/return aspects of this project, the Company plans to retain a majority working interest in the well. |
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| Source:http://www.marketwire.com/mw/release.do?id=1309800&sourceType=3 |
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