Manson Creek Resources Ltd.
TSX VENTURE : MCK

Manson Creek Resources Ltd.

April 21, 2009 12:26 ET

Manson Creek Announces Non-Brokered Financing

CALGARY, ALBERTA--(Marketwire - April 21, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Manson Creek Resources Ltd. (TSX VENTURE:MCK) (Manson Creek) is pleased to announce a proposed non-brokered private placement of up to 2,000,000 units ("Common Units") at a price of $0.025 per Common Unit for gross proceeds of up to $50,000.

Each Common Unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant (a "Warrant") will entitle the holder to purchase one additional common share at a price of $0.10 per share for a period of two years following closing.

The Common Units will be offered on a non-brokered basis by way of a private placement to accredited investors and any securities issued will be subject to a hold period of four months plus one day from the date of closing. This financing is subject to TSX Venture Exchange and regulatory approval.

Proceeds of the financing are to be used to fund a portion of the proposed exploration on the Meridian Gold property in British Columbia and for general working capital.

Meridian Gold Project Overview

Manson Creek has consolidated five historic past producing gold - silver mines on the road accessible 675 hectare claim block.

In 2008, the Property was the focus of a reconnaissance drill program that followed up on exceptional gold mineralization mapped on surface. Drilling intersected significant gold values within large regional structures that host the past producing mines. During the 2008 program, over 600 meters (m) of strike length bracketing the Eva Mine was successfully tested.

To date, Manson Creek has outlined an extensive gold mineralized system over an area of 1,100 m by 860 m that remains open along strike and to depth. Significant gold values in drill core and outcrop, ranging from 2 g/t to 194 g/t gold, occur within this system. Additional mineralized cross cutting structures are also present and remain largely untested.

The 2008 drilling program successfully extended known mineralization along strike and to depth of the past producers. Proposed 2009 work will include underground mapping and sampling of historical workings and the integration of this data with the 2008 drilling data set.

Regan Chernish, P. Geol., President and Director

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and plans and objectives of Manson Creek Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Manson Creek Resources Ltd.
    Regan Chernish, P. Geol.
    President and Director
    (403) 233-0464
    Website: www.manson.ca