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WINNIPEG, MANITOBA--(Marketwire - Oct. 26, 2010) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that, subject to regulatory approval, it intends to complete a non-brokered private placement of flow-through units ("FT Units) and non flow through Units ("NFT Units") of the Company to raise gross proceeds of up to $1,700,000. Each FT Unit, to be issued at a price of $0.07 per Unit, consists of one flow through common share and one-half of one share purchase warrant ("Warrant"), and each NFT Unit, to be issued at a price of $0.06 per Unit, consists of one common share and one Warrant. Each Warrant entitles the holder to acquire a non-flow through common share of the Company at a price of $0.10 per share during the 24 month period following closing. |
