MetalCORP Limited
TSX VENTURE : MTC

MetalCORP Limited

December 11, 2008 09:44 ET

MetalCORP Limited Announces $350,000 Non-Brokered Private Placement

THUNDER BAY, ONTARIO--(Marketwire - Dec. 11, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

MetalCORP Limited (TSX VENTURE:MTC) ("MetalCORP") is pleased to announce a proposed non-brokered private placement of up to 2,800,000 flow-through common shares at a price of $0.125 per flow-through common share (the "Offering"), for aggregate gross proceeds of up to $350,000. All the securities issued pursuant to this private placement will be subject to a four (4) month hold period. Completion of the private placement is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.

The gross proceeds to MetalCORP from the Offering will be used to fund exploration expenses eligible for Canadian Exploration Expense in connection with MetalCORP's projects in Ontario including its Pickle Lake, Keezhik Lake, Fearless and Python properties.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The flow-through common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

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

Contact Information

  • MetalCORP Limited
    Mr. Aubrey Eveleigh, P.Geo
    COO & VP Exploration
    (807) 346-2760
    Website: www.metalcorp.ca