Plexmar Resources Inc.

Plexmar Resources Inc.

June 18, 2010 16:00 ET

Plexmar Resources Inc.: Private Offering

QUEBEC CITY, QUEBEC--(Marketwire - June 18, 2010) - Plexmar Resources Inc. (TSX VENTURE:PLE) announces an offering of up to 10,625,000 Units in a non-brokered private placement for gross proceeds of up to $850,000. The Unit consists of a one common share at $0.08 and one share purchase warrant per share. Each warrant will entitle the holder to purchase one common share at a price of $0.14 per share for eighteen months from closing of the transaction.

The offering is subject to regulatory acceptance and final documentation, and is scheduled to close on or before July 8, 2010. The securities sold will be subject to a four month hold plus one day period from the date of closing.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

177 M shares outstanding

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Plexmar Resources Inc.
    Guy Bédard
    418-658-6776 ext.107
    Paradox Public Relations: