Compass Gold Corporation
NEX BOARD : CVB.H

Compass Gold Corporation

September 23, 2009 12:33 ET

Compass Gold to Undertake C$350,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2009) - Compass Gold Corporation ("Company") (NEX Board:CVB.H) intends to carry out a non-brokered private placement of up to 4,666,666 common shares at a price of $0.075 per common share for gross proceeds of up to C$350,000 (the "Offering").

The proceeds of the Offering will be used by the Company for general working capital.

The completion of the Offering is subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

COMPASS GOLD CORPORATION

Laara Shaffer, Director

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Compass Gold Corporation. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks, inflation and costs of goods and services. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Compass Gold Corporation does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Compass Gold Corporation
    Laara Shaffer
    Director
    604-638-0867