VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Entourage Metals Ltd. (TSX VENTURE:EMT) (the "Company") announces that it has agreed to complete a non-brokered private placement of 4,500,000 common shares at a price of $0.45 per share. The private placement is subject to acceptance for filing by the TSX Venture Exchange.
The Company may pay finders' fees in cash and/or share purchase warrants to certain finders in connection with the financing.
The Company intends to use proceeds from the private placement to advance the Black Raven High Grade Gold Project, the company's projects in the Hemlo Region of Ontario, and for general working capital.
Entourage Metals has active mineral projects in the Hemlo Greenstone Belt in Ontario. Details on Entourage Metals' portfolio can be reviewed at the Company's website at www.entouragemetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeff Sundar, President and Director
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:
Michael Martinz
Manager, Investor Relations
604-484-7855
604-484-7155 (FAX)
mm@entouragemetals.com
www.entouragemetals.com