Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

December 06, 2007 23:59 ET

Comaplex Minerals Corp. Announces Private Placement of Flow-Through Common Shares

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2007) -

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

Comaplex Minerals Corp. (TSX:CMF) ("Comaplex") has announced today that it has entered into an agreement with J.F. Mackie & Company Ltd. ("J.F. Mackie") of Calgary, Alberta under which J.F. Mackie has agreed to act as agent, on a reasonable commercial efforts basis, in relation to the private placement offering of a minimum of 400,000 common shares of Comaplex issued on a flow-through basis ("Flow-Through Shares") and a maximum of 650,000 Flow-Through Shares, at a price of $7.75 per Flow-Through Share for gross proceeds of a minimum of $3,100,000 and a maximum of $5,037,500. The offering is expected to close on or about December 14, 2007.

Comaplex anticipates it will use the net proceeds of the offering to fund further exploration of its Meliadine property in Nunavut, Canada.

Comaplex is a junior resource company that is in the advanced exploration stage in relation to its Meliadine property. In addition, Comaplex also has exploration properties associated with precious metals, base metals and diamonds in Canada and internationally.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

%SEDAR: 00001166E

Contact Information

  • Comaplex Minerals Corp.
    George F. Fink
    President and CEO
    (403) 265-2846


    Comaplex Minerals Corp.
    Mark J. Balog
    Chief Operating Officer
    (403) 265-2846
    www.comaplex.com