Entourage Metals Ltd.

Entourage Metals Ltd.

March 29, 2012 19:04 ET

Entourage Metals Reprices Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2012) - -


Entourage Metals Ltd. (TSX VENTURE:EMT) (the "Company") has approved the repricing of its non-brokered private placement previously announced on February 14th, 2012. The Company intends to place up to 2,500,000 units at a price of $0.40 per unit (the Company previously announced a total of 4,500,000 common shares at a price of $0.45 cents per share).

Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of two years following the closing of the private placement at a price of $0.60 per share.

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 Gold Project and the Company's other 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.


Jeff Sundar, President and Director

Certain disclosure in this release, including statements regarding the intended completion of a private placement and the use of proceeds thereof, constitute forward-looking information or statements (collectively, "forward-looking statements") for the purpose of applicable securities laws. In making the forward-looking statements, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company will obtain required regulatory approvals of, and investor participation in, the proposed private placement and that that the Company is able to obtain any government or other regulatory approvals required to complete the Company's planned exploration and development activities, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the Company will be unable to obtain required regulatory approvals and investor participation in the proposed private placement on a timely basis or at all, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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.

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