Rampart Ventures Ltd.

Rampart Ventures Ltd.

September 14, 2005 12:45 ET

CORRECTION FROM SOURCE: Rampart Closes $1 Million Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 14, 2005) - Rampart Ventures Ltd. (TSX VENTURE:RPT) -

The following corrects and replaces a release issued today at 12:01pm Eastern time. The finder's fee should be $70,000 and not $280,000.

Rampart Ventures Ltd. announces that the Company has closed the non-brokered private placement previously announced on August 10, 2005. The Company has raised gross proceeds of $1,000,000 through the sale of a total of 4,000,000 units at $0.25 per unit. Each unit consists of one common share and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional common share at $0.40 until September 14, 2006. All of the securities will be subject to a 4-month hold period until January 15, 2006.

The Company paid a finders fee of $70,000 (7%) in connection with the non-brokered private placement. The previous news release incorrectly stated this amount to be $280,000.

The net proceeds of the private placement will be used for general exploration expenses principally for the Sibley Basin project and for general working capital purposes.

Rampart Ventures Ltd.

Marshall Bertram, Director

(604) 736-5005 ext. 223

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

Contact Information

  • Rampart Ventures Ltd.
    Brad Baker
    (604) 736-5005 ext. 240
    Rampart Ventures Ltd.
    Ken Tangen
    (604) 736-5005 ext. 235
    (604) 736-5004 (FAX)