Cedar Creek Mines Ltd.
OTC Bulletin Board : CEDA

August 17, 2010 13:59 ET

Cedar Creek Mines Ltd. Closes Private Placement

BURNABY, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2010) - Cedar Creek Mines Ltd. (OTCBB:CEDA) (the "Company") is pleased to announce that in July it closed a private placement offering at US$0.25 per share and has issued an aggregate of 242,026 restricted shares of common stock for total gross proceeds of US$60,506.50.

About Cedar Creek Mines Ltd.:

Cedar Creek Mines Ltd. is an exploration stage company in the business of mineral resource exploration. The Company intends to build its business by acquiring, exploring and developing mineral resource properties in the United States, Canada, Ireland and Asia. The Company currently owns, through its wholly owned subsidiary, Cedar Creek Mines (British Columbia) Inc., an undivided 100% interest in four mineral claims located near the Similkameen Valley, 25 kilometers south of Keremeos, British Columbia, known as the Leamington Property.

On behalf of the Board of Directors,

Cedar Creek Mines Ltd.

Guy Brusciano, President and CEO

FORWARD-LOOKING STATEMENTS

This news release may include "forward-looking statements" regarding Cedar Creek Mines Ltd., and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Cedar Creek Mines Ltd. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Cedar Creek Mines Ltd. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

  • Cedar Creek Mines Ltd.
    Guy Brusciano
    President and CEO
    (604) 320-7877