Apogee Minerals Ltd.
TSX VENTURE : APE

Apogee Minerals Ltd.

September 26, 2005 16:05 ET

Apogee Minerals Closes First Tranche Of Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Sept. 26, 2005) -

NOT FOR DISTRIBUTION BY UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Apogee Minerals Ltd. (TSX VENTURE:APE) has closed the first tranche of its previously announced private placement financing (see press release dated September 19, 2005). The Company issued 1,575,000 Units (including the issuance of 1,500,000 Units to Golden Omega Fund LP) at a price of $0.37 per Unit for gross proceeds of $582,750. Each Unit will consisted of one common share and one half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at the price of $0.55 until March 26, 2007. Each of the common shares and warrants remain subject to a hold period that will expire on January 27, 2006.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registrations is available.

This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/apogee . Alternatively, investors are asked to email all questions and correspondence to APE@agoracom.com where they can also request addition to the Apogee Minerals investor email list to receive all future press releases and updates directly.

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

Contact Information

  • Apogee Minerals Ltd.
    John Carlesso
    President and C.E.O.
    (416) 861-5881