Levon Resources Ltd.

Levon Resources Ltd.

June 22, 2009 12:04 ET

Levon Resources Ltd.: Non-Brokered Private Placement to Advance Cordero Project and Complete Earn-In

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - Levon Resources Ltd. ("the Company") (TSX VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9) is pleased to announce that it has arranged a Non-Brokered Private Placement of 6,500,000 units at a price of $0.16 per unit for gross proceeds of $1,040,000. Each unit consists of one common share and one half (1/2) non-transferrable share purchase warrant. Two half warrants will entitle the investor to purchase one additional common share with a term of one (1) year at an exercise price of $0.35, which if exercised would provide additional gross proceeds of $1,137,500.

A finder's fee of 7% of the funds raised and 7% of Broker's Warrants will be paid to Bolder Capital Partners for their assistance in the financing.

The Broker's Warrants will entitle the Broker to purchase one additional common share with a term of one (1) year at an exercise price of $0.35.

The funds will be used to advance the Cordero Sanson project in Chihuahua State, Mexico and complete the earn-in of the 51% interest in the project.

The financing is subject to approval of The TSX Venture Exchange and all regulatory authorities.

Levon is a junior gold exploration company with key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada, the Norma Sass and Ruf claims near the Pipeline gold deposit being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA, and the Cordero Silver, Gold, Lead, Zinc project near Hidalgo Del Parral, Chihuahua, Mexico.


Ron Tremblay, President

This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.

Contact Information

  • Levon Resources Ltd.
    Ron Tremblay
    (604) 682-3701
    (604) 682-3600 (FAX)