Orbite Aluminae Inc.

December 22, 2008 15:30 ET

Exploration Orbite V.S.P.A. Inc.: Private Placement of a Maximum of $200,000

MONTREAL, QUEBEC--(Marketwire - Dec. 22, 2008) - Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) wishes to annouce that it is proceeding with a private placement of a maximum of 20 units at $10,000 per unit. That private placement is addressed to "qualified investors" only.

Each unit is made up of 56,250 class "A" flow-through shares at $0.16 each; and 6,250 non-flow through shares at $0.16 each.

The proceeds from the $200,000 financing will be used for the Grande-Vallee property and working capital.

Shares issued pursuant to the offering will be subject to a four-month hold period. No finder's fee will be payable on the transaction, which is subject to regulatory approval.

TSX exchange does not accept any responsibility for the content or the veracity of the information contained in this release.

Contact Information

  • Exploration Orbite V.S.P.A. Inc.
    Richard Boudreault
    President
    514-849-7336
    514-849-9260 (FAX)
    st-jacques@qc.aira.com