Consolidated Thompson-Lundmark Gold Mines Limited
TSX VENTURE : CLM

Consolidated Thompson-Lundmark Gold Mines Limited

August 11, 2005 08:01 ET

Consolidated Thompson $400,000 Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Aug. 11, 2005) - Consolidated Thompson-Lundmark Gold Mines Limited (TSX VENTURE:CLM) is pleased to announce that it has completed a private placement financing. A total of 1,000,000 Units were issued pursuant to the financing for gross proceeds of $400,000.00.

Each Unit consists of one Common Share and one Common Share purchase warrant ("Warrant") at a price of $0.40 per Unit. Each Warrant entitles the holder to acquire one Common Share, exercisable at a price of $0.53 per share until October 15, 2005. Each of Common Shares and the shares issued upon the exercise of the Warrants will be subject to a hold period that will expire on December 11, 2005.

The proceeds will be used by the Company for exploration purposes at its Bloom Lake property as well as for general corporate purposes.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS NEWS RELEASE.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Consolidated Thompson-Lundmark Gold Mines Limited
    Stan Bharti
    President & C.E.O.
    (416) 861-5875