Mont Blanc Resources Inc.

Mont Blanc Resources Inc.

April 11, 2006 19:21 ET

Mont Blanc Announces Closing of Non-Brokered Private Placement and Additional Closing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2006) -

Mont Blanc Resources Inc. (the "Company" or "Mont Blanc") (NEX BOARD:MTN.H) is pleased to announce the closing of its previously announced offering (the "Offering") of 800,000 units ("Units") at a price of $0.50 per Unit for gross proceeds of $400,000. Each Unit consists of one common share of Mont Blanc (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Share at a price of $1.00 per Share for a period of two years. Finder's fees in aggregate amount of $33,700 (8.4% of the gross proceeds) were paid to eligible persons. The Shares and Warrants issued pursuant to this Offering will have a 4-month hold period.

The proceeds of the placement will be used in connection with the previously announced joint venture and farmin with an Alberta-based private oil & gas company.

Mont Blanc is also pleased to announce that it plans an additional closing of the Offering to consist of up to an additional 240,000 Units at a price of $0.50 per Unit for further gross proceeds of $120,000. The additional closing will be subject to regulatory and TSX Venture Exchange approval.

Jens Biertumpel, President and CEO

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

Contact Information

  • Mont Blanc Resources Inc.
    Dennis Petke
    (604) 642-6122
    Mont Blanc Resources Inc.
    Jens Biertumpel
    President and CEO
    (604) 601-2079