Hinterland Metals Inc.

Hinterland Metals Inc.

June 10, 2009 16:09 ET

Hinterland Closes $175,000 Financing

VAL D'OR, QUEBEC--(Marketwire - June 10, 2009) - Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to report that it has closed a non-brokered private placement for proceeds of $175,000 through the sale of 3,500,000 flow-through common shares ("FT shares) at a price of $0.05 per FT share. The FT shares were sold pursuant to exemptions from the prospectus and registration requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals. Insiders Gregory Fekete ($7,500) and Vaughn MacLellan ($7,500) subscribed for 8.6% of the private placement. All securities issued pursuant to the private placement are subject to a hold period of expiring October 11, 2009. The proceeds from the private placement will be used by Hinterland to advance its exploration projects in Quebec ($150,000) and in the rest of Canada ($25,000).

Investors are invited to visit the Hinterland IR Hub at www.agoracom.com/IR/Hinterland where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued 51,185,401

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

  • Hinterland Metals Inc.
    Mark Fekete
    Toll Free 1-877-874-8182
    Note that Mr. Fekete will be in Europe until June 18, 2009.
    Until then please call Rody Lazar at Agoracom
    Toll Free 1-866-234-9934