Cogitore Resources Inc.
TSX VENTURE : WOO

Cogitore Resources Inc.

July 23, 2009 15:00 ET

COGITORE Resources Inc. Provides Update on Non-Brokered Private Placement of Flow-Through Common Shares

TORONTO, ONTARIO--(Marketwire - July 23, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

COGITORE Resources Inc. (the "Company") (TSX VENTURE:WOO) announces that, with respect to the private placement previously announced on July 15, 2009, although the private placement is proposed to be non-brokered, the Company may protect offers received from registered investment dealers when accepted by the Company, and in such case the Company will pay a cash commission of 5% of the purchase price of such common shares. The Company intends to complete, subject to regulatory approval, a non-brokered private placement with accredited investors of up to 5,000,000 flow-through common shares at a price of $0.12 per flow-through common share for aggregate gross proceeds of up to $600,000 (the "Offering"). The common shares will have a hold period of four months from closing. The Company is expecting the closing date to occur on or about August 7, 2009.

The proceeds of the Offering will be used to fund the Company's ongoing exploration program.

The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario, and in the Central Belt of Newfoundland.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cogitore Resources Inc.
    Gerald Riverin
    President & CEO
    819-764-6666
    or
    Cogitore Resources Inc.
    Louis Morin
    Director Investor Relations
    514-591-3988
    www.cogitore.com