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TORONTO, ONTARIO--(Marketwire - Oct. 28, 2011) - Telferscot Resources Inc. (CNSX:TFS) ("Telferscot" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 4 million common shares at a price of CAD$0.25 per share for gross proceeds of CAD$1,000,000. The Company reserves the right to issue up to 2,000,000 additional common shares for total proceeds from the offering of CAD$1,500,000. The Securities are legended and restricted from trading for four months. |
