Halo Resources Ltd.
Halo Resources Ltd.: HALO ANNOUNCES CDN $1.3 MILLION FINANCING
Halo Resources Ltd. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Toronto, Ontario, August 27, 2008 – Lynda Bloom, President and CEO of Halo Resources Ltd. (TSXV:HLO; FSE:HRL) is pleased to announce a non-brokered private placement of up to 8,400,000 flow through shares ('FT Shares') at a price of $0.12 per FT Share, and up to 3,000,000 non-flow through units ('Non FT Unit') at a price of $0.10 per Non-FT Unit, for total gross proceeds of up to $1,308,000. Each FT Share will consist of one flow through common share. Each Non FT Unit will consist of one common share and one-half share purchase warrant ('$0.15Warrant'). Each full $0.15 Warrant entitles the holder to acquire one common share for a period of twenty-four months ('Expiry Time'), at a price of $0.15 per share. A finders fee is payable on a portion of this placement. The completion of the financing is subject to receipt of all applicable regulatory approvals and consents, including the approval of the TSXV. The proceeds of the financing will be used for the exploration of the Company's mineral properties in Canada and for general corporate purposes. For further information, please contact: Lynda Bloom, President & CEO Halo Resources Ltd. About Halo Resources Ltd. Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects. Kontakt Deutschland: Value Relations GmbH Gebührenfrei 0800-7433333-11 HALO@ir-services.de www.halores.com 28.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Halo Resources Ltd. Suite 1280, 625 Howe Street V6C 2T6 Vancouver, BC Kanada Phone: +1 604 484 0068 Fax: +1 604 484 0069 E-mail: info@halores.com Internet: www.halores.com ISIN: CA40637D1087 WKN: A0DQZ4 Listed: Freiverkehr in Berlin; Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden