Paget Minerals Corp.

Paget Minerals Corp.

February 03, 2010 19:46 ET

Paget Minerals Announces $1.6m Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Paget Minerals Corp. (TSX VENTURE:PGS) ("Paget" or the "Company") today announced that the Company has completed a non-brokered private placement of 4,470,330 common shares ("Shares") at $0.20 per Share and 2,974,400 flow through shares ("FT Shares") at $0.25 per FT Share to raise a total of $1,637,666. The shares are subject to a hold period of four months and one day, expiring June 4, 2010.

The proceeds of the placement will be applied to the Company's Canadian exploration properties and to general working capital.

About Paget Minerals Corp.

Paget Minerals Corp. is a British Columbia company focused on mineral exploration and the development of a diverse range of precious metal, base metal and rare earth element projects in North America.

On Behalf of the Board of Paget Minerals Corp.

David F. Volkert, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Paget Minerals Corp.
    David Volkert
    President & CEO
    (778) 327-4449
    (778) 327-6546 (FAX)