Pacific Wildcat Resources Corp.
NEX BOARD : PAW.H

Pacific Wildcat Resources Corp.

December 18, 2007 13:43 ET

Pacific Wildcat Resources Corp. Closes Its Non-Brokered Private Placement of 2,940,000 Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - Pacific Wildcat Resources Corp. (NEX:PAW.H) ("PAW" or the "Company") is pleased to announce it has received acceptance from the TSX Venture Exchange and has closed its non brokered private placement of 2,940,000 common shares ("Shares") at a price of $0.17 per Share for total proceeds of $499,800.00.

The proceeds of this private placement will be used to fund general working capital and to help facilitate the acquisition from Bolan Holdings Limited of all of the issued capital of Tantalum Mineracao e Prospeccao Limitada ("TMP"), a Mozambican company that owns certain mining leases and related assets in Mozambique.

In accordance with securities legislation currently in effect, the Shares will be subject to a "hold period" of four months plus one day from closing. In addition, the TSX Venture Exchange may require that certain or all of the Shares be subject to additional resale restrictions or escrow in connection with the completion of the Company's acquisition of TMP.

ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.

Brian Flower, President

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Pacific Wildcat Resources Corp.
    Brian Flower
    President
    (604) 669-8985
    (604) 669-4776 (FAX)
    Website: www.pacificwildcat.com