Ressources Appalaches inc.

Ressources Appalaches inc.

December 11, 2007 11:35 ET

Ressources Appalaches Inc.: Private Placements of 1,1M$ at a Price of $0.18

RIMOUSKI, QUEBEC--(Marketwire - Dec. 11, 2007) - Ressources Appalaches (TSX VENTURE:APP) announces a flow-through private placement offering at $0.18 per share and an ordinary private placement at $0.15 per share to raise a total amount of $1,110,000.

The first offering of $504,000 has been reserved entirely by Northern Precious Metals fund. This offering will consist of 2,800,000 flow-through shares at a price of $0.18 per share and 1,400,000 share purchase warrants.

The second private offering has been reserved for accredited investors and for employees, executive officers, directors and consultants. This offer consists of a 1,000 Units at a price of $606 per Unit. Each Unit consists of 2,700 flow-through common shares at a price of $0.18 per share, 800 common shares at a price of $0.15 per share and 2,000 warrants.

Each warrant may be exercised at a price of $0.20 per share for a period of 18 months from the date of issuance. If, at any time, the trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.35 for 10 consecutive trading days, as determined by the share price at the close of market, Ressources Appalaches shall be entitled to notify in writing the holders of warrants of its intention to adjust the exercise price of the warrants. Upon receipt of such notice, the holders of warrants shall have 10 business days to exercise the warrants, failing which the exercise price of the warrants will automatically be adjusted to $0.30 until their expiration.

All securities issued in connection the offering will be subject to a four months hold period form the closing date. The offering is subject to the approval of the regulatory authorities; including the TSX-Venture Exchange.

Proceeds from the placements will be used to conduct exploration work on the Company' properties in Canada. The planned work program is budgeted at $990,000 for drilling and geological mapping.

Additional information concerning these financings is available from the Company. Surf on our new Web site

The TSX Venture Exchange does not accept any responsibility for the content of this press release as being truthful or accurate.

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