TSX-V: SPF

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Vancouver, B.C., Canada

 

Symbol: SPF

SILVER PURSUIT ANNOUNCES PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Silver Pursuit Resources Ltd. (the “Company”) announces an offering of 4,000,000 units at a price of $0.025 per unit for an aggregate amount of up to $100,000. Each unit consists of one common share of the Company and one share purchase warrant for the purchase of one further common share of the Company, exercisable for a period of two years at a price of $0.05 per share. The anticipated use of the proceeds of the offering is as follows:

Description

 

Amount (Cdn$)

Accounts payable

 

$36,000

AGM Costs

 

20,000

Private Placement Commission

 

6,000

Working Capital

 

37,500

Total

 

$100,000

All securities issued in the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange. The Company may pay finder’s fees in connection with the Financing in cash, shares, warrants or a combination thereof.

ON BEHALF OF SILVER PURSUIT RESOURCES LTD.

Brian McClay,
Director
Tel:
604-730-6982

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR MORE INFORMATION PLEASE CONTACT:
Investor Relations
Telephone:
1-604-730-6982

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