Marauder Resources East Coast Inc.
TSX VENTURE : MES

Marauder Resources East Coast Inc.

September 11, 2007 20:57 ET

Marauder Announces Closing of Private Placement

CALGARY, ALBERTA--(Marketwire - Sept. 11, 2007) - Marauder Resources East Coast Inc. (TSX VENTURE:MES) ("Marauder") is pleased to announce that it has completed a financing of 2,420,666 units ("Units") comprised of one (1) common share and one-half (1/2) common share purchase warrant priced at $0.30 per Unit for an aggregate consideration of $726,200 (the "Private Placement"). Each whole common share purchase warrant will be exercisable for one common share at a price of $0.50 per common share for a period of 12 months following the date of issuance. The Units will be legended with a "hold period" of 4 months and one day following the date of issuance.

In certain circumstances Marauder has paid a finder's fee of 5% cash and 5% warrants on portions of the Private Placement.

The proceeds from the Private Placement will be used for general corporate and administrative purposes.

This news release may contain forward-looking information. Actual future results may differ materially from those contemplated.

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

Contact Information

  • Marauder Resources East Coast Inc.
    Robert V. Shields
    (403) 262-3907
    (403) 269-4232 (FAX)
    Email: rvs@maraudernrg.ca
    or
    Marauder Resources East Coast Inc.
    720, 440 - 2nd Avenue S.W.
    Calgary, Alberta T2P 5E9