SACRE-COEUR MINERALS, LTD. (the 'Company?) is pleased to announce the closing of the first tranche of a non-brokered private placement which has raised gross proceeds of CAD $1,200,000. Under the terms of the private placement, the Company has issued 4,000,000 Shares (the 'Shares?) at CAD $0.30 per Share to a single investor.
The Shares are subject to a 4-month hold period expiring December 31, 2011. No commissions or finders′ fees were payable in connection with the private placement.
It is anticipated that a second tranche of the private placement, filling the 20% overallotment available to the Company of 800,000 Shares, will close by mid-September 2011.
About Sacre-Coeur
The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focussing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 1000 sq. km of mineral properties in Guyana, including the Million Mountain Property. The Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF SACRE-COEUR MINERALS, LTD.
'Gregory B. Sparks? Gregory B. Sparks, P. Eng. President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company′s expectations.
Sacre-Coeur Minerals, Ltd. Gregory Sparks, 604-899-0100 President and CEO Fax: 604-899-0200 greg@scminerals.com or B&D Capital Don Mosher, 604-899-0100 Corporate Consultant Mobile: 604-617-5448 Fax: 604-899-0200 don@scminerals.com
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