Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

March 23, 2007 23:59 ET

Comaplex Minerals Corp. announces completion of bought deal financing

TORONTO, ONTARIO--(Marketwire - March 23, 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 closed a private placement previously announced on March 6, 2007. The private placement was conducted with a syndicate of underwriters led by BMO Capital Markets and including Haywood Securities Inc. and J.F. Mackie & Company Ltd. and consisted of the issuance of 6,000,000 common shares of Comaplex (the "Common Shares"), at a price of $4.45 per Common Share for gross proceeds of $26,700,000. The syndicate was paid a cash commission on the gross proceeds of the private placement.

Comaplex anticipates it will use the net proceeds of the offering for exploration and development of its Meliadine project and for general corporate purposes.

Comaplex is a junior resource company that explores for 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
    Vice-President, Exploration
    (403) 265-2846