SOURCE: Columbia Metals Corporation Ltd.

July 17, 2007 16:06 ET

Columbia Metals Corporation Limited Announces $750,000 Non-Brokered Private Placement

TORONTO--(Marketwire - July 17, 2007) - Columbia Metals Corporation Limited (TSX-V: COL) (the "Company") is pleased to announce that it is proceeding with a non-brokered private placement to raise up to $750,000 by issuance of units of Columbia ("Units"), at a price of $0.25 per Unit. Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole common share purchase warrant ("Warrant") is exercisable for a period of eighteen (18) months from the date of issuance at an exercise price of $0.35 per Warrant.

A finder's fee will be paid in connection with this private placement.

Proceeds of this offering will be used to advance Columbia's Mexican gold properties and for general working capital purposes.

For further information, please contact Chris Berlet at (416) 364-6799

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

Shares Outstanding: 62,896,427

Contact Information

  • Contact:

    Chris Berlet
    (416) 364-6799

    Columbia Metals Corporation Limited
    402 - 121 Richmond Street West
    Toronto, ON
    M5H 2K1 Canada
    Phone: (416) 364-6799
    Fax: (416) 364-2595
    www.columbiametals.ca