HMZ Metals Inc.

HMZ Metals Inc.

November 28, 2008 17:18 ET

HMZ Announces Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2008) - HMZ Metals Inc. (CNSX:HMZ) (the "Company") announce its intention to raise up to $750,000 through a private placement consisting of up to 15,000,000 units at $0.05 per unit. Each Unit will be comprised of three nontransferable "flow-through" common shares and two non-"flow-through" common shares and two non-"flow-through" share purchase warrants of the Company. Each whole share purchase warrant will be exercisable for one non-"flow-through" common share at a price of $0.075 (after the Consolidation) per share for a period of 24 months from the date of issue.

The Company intends to use the proceeds of the offering to fund exploration on its Tower Mountain gold property near Thunder Bay, Ontario and for general working capital.

The Company also announces the release of its third quarter results.

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Contact Information

  • HMZ Metals Inc.
    Kerry Smith
    (416) 214-3270
    (416) 214-3276 (FAX)