Guerrero Exploration Inc.
TSX VENTURE : GEX

Guerrero Exploration Inc.

July 15, 2011 16:55 ET

Guerrero Closes Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2011) - Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX) announces that it has closed its previously announced financing by issuing 1,560,000 units ("Units") at $0.20 each.

Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable for 18 months from closing at an exercise price of $0.30 per common share, subject to acceleration of the expiry date at the Corporation's option if the shares of the Corporation trade at $0.60 for 10 consecutive days.

Insiders participated as to 250,000 Units. The securities issued are subject to a statutory hold period ending November 16, 2011. The Corporation plans to use the proceeds from these financings for general working capital and exploration.

About Guerrero Exploration Inc.

Guerrero is committed to a long term business strategy designed to achieve optimal levels of profitability and shareholder value. Guerrero is a Canadian based exploration mining company with a focus on the high yielding Mexican copper, gold and silver mining area known as the Southern Mexican Gold Belt and the Sierra Madre Occidental Belt. The Corporation's common shares trade on the TSX Venture Exchange under the symbol "GEX". For more information, please visit www.grxpl.com or contact investor relations.

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

  • Guerrero Exploration Inc.
    David Stadnyk
    President and Chief Executive Officer
    604.685.0088 Ext. 229

    Guerrero Exploration Inc.
    Investor Relations
    604.685.0088 Ext. 228
    info@grxpl.com