Black Pearl Minerals Consolidated Inc.
TSX VENTURE : BLK

Black Pearl Minerals Consolidated Inc.

February 28, 2008 10:08 ET

Black Pearl Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Black Pearl Minerals Consolidated Inc. (TSX VENTURE:BLK) is pleased to announce the completion of a private placement of 10,112,500 common shares at $0.16 and 6,300,000 flow-through shares at $0.20 for gross proceeds of $2,878,000. Finder's fees of $80,600 were paid to the Mineralfields Group and Blackmont Capital Inc. The securities issued are subject to a four month hold period.

Shares Outstanding: 58,977,801

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

Contact Information

  • Black Pearl Minerals Consolidated Inc.
    Robert Sibthorpe
    Chairman
    (604) 602-4935
    or
    Black Pearl Minerals Consolidated Inc.
    Judy Baker
    President
    (416) 361-2821
    or
    Black Pearl Minerals Consolidated Inc.
    Jim MacDonald
    Corp. Communications
    (604) 602-4935
    Website: www.blackpearlminerals.com