Ressources Appalaches inc.

Ressources Appalaches inc.

June 21, 2010 16:20 ET

Ressources Appalaches: $850,000 in Private Placements

RIMOUSKI, QUEBEC--(Marketwire - June 21, 2010) - As agreed in a deal signed with StrikePoint Gold Inc. on June 3, Ressources Appalaches (TSX VENTURE:APP) announces the closing of a private placement in the amount of $700,000 as well as an additional $150,000 from qualified investors for a total of $850,000.

This offer consisted in the issuance of units at the price of $0.07 each. Each unit consisted of flow-through common shares at the price of $0.07 per share and a subscription warrants.

Each three-year warrant gives its holder the right to purchase one common share at the price of $0.10 per share until June 17, 2013.

These securities are subject to a four-month holding period. The investment is closed under the condition of the later consent of the TSX Venture Exchange.

The proceeds from the placement will be earmarked primarily for exploration work on the properties located in Nova Scotia. With this placement, the Company now has 95,317,460 shares issued and outstanding as well as a new insider, StrikePoint Gold Inc.

Additional information can be obtained from the Company. Visit our Web site at

The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Andre Proulx
    Alain Hupe
    Engineer Geologist
    Christian Guilbaud
    Investor Relations