Williams Creek Explorations Limited
TSX VENTURE : WCX

Williams Creek Explorations Limited

October 29, 2007 15:53 ET

Williams Creek Explorations Limited: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Williams Creek Explorations Limited (TSX VENTURE:WCX) is pleased to announce a non-brokered private placement for 1,000,000 Units at a price of $0.15 per Unit (being a discount from the Market Price), each Unit consisting of one common share and one non-transferable share purchase Warrant with a one year term, exercisable at a price of $0.22. The closing price of the Company's shares on 29 October 2007 was $0.17. A finder's fee of 10% of the cash value of the offering, being $15,000, is payable to PI Financial Corp. This transaction is subject to acceptance by the TSX Venture Exchange.

Proceeds of the private placement are to be expended on exploration work on the Company's British Columbia properties at Kamloops and at Barkerville, and for general corporate purposes.

ON BEHALF OF THE BOARD

James E. McInnes, President

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

Contact Information

  • Williams Creek Explorations Limited
    James E. McInnes
    President
    (604) 662-4480