SOURCE: Constitution Mining Corp.

August 14, 2008 13:48 ET

Constitution Mining Completes US$4,005,840 Financing

TEMPE, AZ--(Marketwire - August 14, 2008) - Constitution Mining Corp. (OTCBB: CMIN) announces the completion of a US$4,005,840 equity financing.

Constitution Mining CEO Dr. Willem Fuchter commented, "Proceeds from this offering will primarily be used to advance exploration and development on our existing gold properties in Argentina. Additionally, we now have the necessary capital to conduct further due diligence on contemplated acquisitions in other regions of interest in South America."

Today's US$4,005,840 private equity financing consists of the issuance of 5,007,300 units at US$.80 per unit. Each unit consists of one share of common stock and one warrant with each warrant enabling the purchase one share of common stock, exercisable for twelve months from the closing date of the offering at the exercise price of US$1.40. As a result, Constitution Mining issued a total of 5,007,300 shares of common stock for proceeds of US $4,005,840 and warrants to purchase 5,007,300 shares of the Company's common stock, which if exercised would generate an additional US$7,010,220 of financing.

About Constitution Mining Corp.

Our Mission is to consistently increase the amount of honest money -- gold and silver -- underlying the number of shares we have outstanding. We intend to acquire, explore for, and hold onto deposits of gold and silver. Additional information about Constitution Mining Corporation may be obtained at www.ConstitutionMining.com.

On behalf of the Board:

Pat Gorman, Chairman of the Board
Constitution Mining Corp.

Disclaimer

This release contains forward-looking statements that are based on the beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp. current expectations as contemplated under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate, "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.

Contact Information

  • For more information contact:
    Investor Relations
    (480) 237-9985