L.G.R. Resources Ltd.
CNQ : MHPT

May 29, 2006 15:16 ET

LGR Arranges $1,000,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2006) - L.G.R. Resources Ltd. (CNQ:MHPT) (the "Company") is pleased to announce that it has arranged a non-brokered private placement of up to $1,000,000 to fund future prospects and for general working capital purposes. The private placement will consist of up to 4,444,444 units (the "Units") at a price of $0.225 per Unit, each Unit consisting of one common share and one-half (1/2) of a warrant. Each whole warrant will entitle the holder thereof to purchase an additional share at a price of $0.30 for a period of two years.

The private placement is subject to compliance with applicable securities legislation and the policies of the CNQ.

L.G.R. RESOURCES LTD.

Leon F. Anderson, President

The Canadian Trading and Quotation System Inc. ("CNQ") has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • L.G.R. Resources Ltd.
    Leon F. Anderson
    President
    (778) 371-8184
    (778) 371-8170 (FAX)