Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

December 14, 2007 23:59 ET

Comaplex Minerals Corp. announces completion of private placement of flow-through common shares

CALGARY, ALBERTA--(Marketwire - Dec. 14, 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 the private placement previously announced on December 6, 2007. J.F. Mackie & Company Ltd. (the "Agent") of Calgary, Alberta acted as agent and the offering was fully subscribed. The Agent was paid a cash commission on the gross proceeds of the private placement.

In total, Comaplex has issued, by way of private placement, 650,000 common shares on a flow-through basis at a price of $7.75 per share for gross proceeds of $5,037,500. The shares will be subject to a four month hold period which will expire on April 15, 2008.

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