VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2012) - ClearFrame Solutions Corp. (the "Company") (TSX VENTURE:CFA.H) is pleased to announce that it has agreed to a non-brokered placement of up to $300,000 of its securities consisting of the sale of up to 2,000,000 common shares (the "Shares") in its capital stock at a price of $0.15 per Share. Finder's fees or commissions in cash and/or securities may be payable with respect to the private placement.
The proceeds of the placement will be used for the acquisition of mineral resource properties, exploration expenditures and general working capital.
The private placement is subject to acceptance for filing by the NEX Board of the TSX Venture Exchange.
The Company also advises that it did not proceed with the private placement on similar terms previously announced by the Company on February 22, 2012.
CLEARFRAME SOLUTIONS CORP.
Jeremy Ford, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.