Landmark Minerals Inc.
TSX VENTURE : LML

Landmark Minerals Inc.

December 21, 2006 16:24 ET

Landmark Completes $682,000 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 21, 2006) - Landmark Minerals Inc. (TSX VENTURE:LML) is pleased to announce that it has closed its previously announced non-brokered private placement, raising proceeds of $682,000. The financing was oversubscribed and, as a result, a total of 1,240,000 units at a price of $0.55 per unit have been issued, each unit consisting of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.66 for a period of one year. The securities have a four-month hold period from the date of issuance, expiring on April 19, 2007.

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

Landmark Minerals is a junior uranium exploration company with properties in Quebec, Newfoundland, Yukon and Northwest Territories, Canada. Landmark continues to cooperate with Sahara Resources Inc. to lawfully restore six prospecting permits in Algeria, and is seeking additional uranium exploration opportunities.

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