Laramide Resources Ltd.

Laramide Resources Ltd.

December 24, 2007 13:21 ET

Laramide Resources Ltd.: Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 24, 2007) - Laramide Resources Ltd. (TSX:LAM) announces that it has arranged a flow-through financing of up to 575,000 flow-through shares at $7.00 per share for gross proceeds of $4,025,000. Proceeds of the placement will be used for exploration work on Laramide's Canadian mineral properties, including drilling on the Goliath Gold project located in Dryden, Ontario which is scheduled to commence in the first quarter of 2008.

This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

Shares Outstanding: 58,257,592

Contact Information

  • Laramide Resources Ltd.
    Flora Wood
    Investor Relations
    (416) 599-7363