INTER-ROCK MINERALS INC.
TSX VENTURE : IRO

INTER-ROCK MINERALS INC.

January 04, 2008 13:45 ET

Inter-Rock Closes Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 4, 2008) - Inter-Rock Minerals Inc. (TSX VENTURE:IRO) announces that it has completed its non-brokered private placement previously announced in the Company's release of December 17, 2007. The Company issued 2,500,000 units at a price of $0.10 per unit, for gross proceeds of $250,000. Each unit consists of one common share and one common share purchase warrant exercisable for 24 months at $0.20. The securities issued are subject to a four month hold period, ending on May 5, 2008.

Proceeds will be used by the Company to finance exploration of two of its properties in the historic mining districts of northern Nevada. One of the two subject properties, Sentinel, is located in Humbolt County. The second property, Stingaree Valley, is located in Churchill County.

Inter-Rock also owns MIN-AD, Inc. MIN-AD owns and operates a successful specialty dolomite business that supplies a mineral supplement to the North American livestock feed industry and it holds the claims for two zeolite deposits in northern Nevada.

Inter-Rock currently has 22,672,810 common shares issued and outstanding.

No stock exchange or securities regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Inter-Rock Minerals Inc.
    Michael B. Crombie
    President
    (416) 367-3003
    (416) 367-3638 (FAX)
    Email: iro@on.aibn.com