Piper Capital Inc.

Piper Capital Inc.

January 06, 2005 18:14 ET

Piper Announces Private Placements


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PIPER CAPITAL INC.

TSX VENTURE SYMBOL: PCL.P

JANUARY 6, 2005 - 18:14 ET

Piper Announces Private Placements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 6, 2005) - Piper
Capital Inc. (TSX VENTURE:PCL.P) ("Piper") announces that it has
arranged a series of private placements to further fund its exploration
activities on its Golden Zone Alaska property. The following placements
have been arranged: (1) the issuance of 497,667 Units at $0.15 per Unit
each Unit consisting of one share and one half share purchase warrant,
each full warrant being exercisable for a period of one year at an
exercise price of $0.20 per share; (2) the issuance of 342,500 Units at
$0.20 per Unit each Unit consisting of one share and one half share
purchase warrant, each full warrant being exercisable for a period of
one year at an exercise price of $0.20 per share and (3) the issuance of
up to 2,500,000 Units at $0.20 per Unit, each Unit consisting of one
share and one half share purchase warrant each full warrant being
exercisable for a period of one year at an exercise price of $0.25 per
share. The placements are subject to acceptance by the TSX Venture
Exchange.



On behalf of the Board

Barry P. Domvile
President & Director


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Piper Capital Inc.
    Barry Domvile
    President and Director
    (604) 874-1314
    (604) 683-8544 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.