Hedman Resources Limited
TSX VENTURE : HDM

Hedman Resources Limited

March 03, 2005 11:14 ET

Hedman Secures Conditional Private Placement Approval


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HEDMAN RESOURCES LIMITED

TSX VENTURE SYMBOL: HDM

MARCH 3, 2005 - 11:14 ET

Hedman Secures Conditional Private Placement Approval

TORONTO, ONTARIO--(CCNMatthews - March 3, 2005) - HEDMAN RESOURCES
LIMITED (TSX VENTURE:HDM) announced today that the TSX Venture Exchange
has required the Company to modify the terms of its private placement.
Accordingly, and as directed by the Exchange, the each share purchase
warrant included with the units sold have been amended to an exercise
price of 10 cents (instead of 9 cents), but otherwise all terms and
conditions remain the same.

As a result, on March 2, 2005, the Company received conditional
acceptance of the private placement from the TSX Venture Exchange.

Certain statements in this press release may constitute
"forward-looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of Hedman Resources Limited (the "Company")
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
When used in this press release, such statements use such words as
"may," "will," "expect," "anticipate," "project," "believe," "plan" and
other similar terminology. The risks and uncertainties are detailed from
time to time in reports filed by the Company with securities regulatory
authorities to which recipients of this press release are referred for
additional information concerning the Company, its prospects and the
risks and uncertainties relating to the Company and its prospects. New
risk factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which
any factor or combination of factors may cause actual results,
performance and achievements of the Company to be materially different
from those contained in forward-looking statements. Given these risks
and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results. The
forward-looking information contained in this press release is current
only as of the date of this press release. There should not be an
expectation that such information will in all circumstances be updated,
supplemented or revised whether as a result of new information, changing
circumstances, future events or otherwise.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Hedman Resources Limited
    David Berman
    CFO
    (416) 630-6991
    dberman@hedmanresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.