Mosquito Consolidated Gold Mines Limited
TSX VENTURE : MSQ

Mosquito Consolidated Gold Mines Limited

August 22, 2007 11:59 ET

Mosquito Completes $8,475,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - Mosquito Consolidated Gold Mines Limited (the "Company") (TSX VENTURE:MSQ) is pleased to announce the closing of the $8,475,000 private placement announced July 12th, 2007 and August 7th, 2007 for the sale of 5,650,000 units at $1.50 per unit, where each unit consists of one common share and one share purchase warrant of the Company.

Funding was provided by several investors, including institutional participation by Sprott Asset Management, RAB Capital, Carlyle Multi Strategy Master Fund, Lionhart Fund and Forza Capital Management. Brokerage participation included GMP Partners, Standard Securities Capital Corp., Jones Gable and Raymond James.

In addition, a total of 148,750 units and 105,000 shares were issued with respect to finders fees. The hold period expiry date of December 17th, 2007 applies to all shares comprising the units as well as shares issuable upon exercise of the share purchase warrants.

MOSQUITO CONSOLIDATED GOLD MINES LIMITED

William Jefferies, Director

The TSX Venture Exchange has neither approved or disapproved of the contents herein.

Contact Information

  • Mosquito Consolidated Gold Mines Limited
    William Jefferies
    Director
    (604) 689-7902
    (604) 689-7816 (FAX)
    Website: www.mosquitogold.com