Landmark Minerals Inc.
TSX VENTURE : LML

Landmark Minerals Inc.

November 17, 2006 16:53 ET

Landmark Arranges $660,000 Financing/Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2006) - Landmark Minerals (TSX VENTURE:LML) is pleased to announce that, subject to regulatory approval, it has arranged a non-brokered private placement of up to 1,200,000 units at a price of $0.55 per unit, for total proceeds of $660,000. Each unit consists of one common share and one share purchase warrant to purchase one additional common share at a price of $0.66 exercisable for one year from the date of issuance.

The financing proceeds will be used to carry out exploration on the Company's properties and for general working capital.

The Company has also granted incentive stock options to its directors, officers and employees to purchase up to an aggregate of 200,000 shares exercisable for five years at a price of $0.66 per share.

Landmark Minerals is a junior uranium exploration company based in Vancouver, Canada with nine properties in Quebec, Newfoundland, Northwest Territories, and Yukon, Canada. Landmark is continuing to cooperate with Sahara Resources Inc. to restore six prospecting permits in Algeria, and is seeking additional uranium exploration opportunities in jurisdictions offering secure mineral title.

ON BEHALF OF THE BOARD OF LANDMARK MINERALS INC.

Harmen J. Keyser, P.Geol., President


The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contact Information

  • Landmark Minerals Inc.
    Harmen J. Keyser, P.Geol.
    President
    (604) 801-5432
    (604) 662-8829 (FAX)
    Website: www.landmarkminerals.com