Rodinia Minerals Inc.
TSX VENTURE : RM

Rodinia Minerals Inc.

September 27, 2005 15:44 ET

Rodinia Minerals Arranges Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 27, 2005) - Rodinia Minerals Inc. (TSX VENTURE:RM) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Rodinia Minerals Inc. (the "Company") has engaged Haywood Securities Inc. ("Haywood") to conduct a brokered private placement of up to 3,000,000 units at a price of $0.74 per unit. Each unit (a "Unit") will consist of one common share and one whole transferable warrant (a "Warrant"). Each Warrant shall be convertible into one common share at a price of $1.10 for a period of twelve (12) months. Haywood or its agent (collectively, the "Agent") will receive: a commission equal to 6.0% of the gross proceeds from the sale of the Units, payable in either cash or Units at the sole discretion of the Agent on the Closing Date; warrants ("Agent's Warrants") equal to 7.5% of the number of Units sold under the offering, each Agent's Warrant convertible into one Unit of the Company at a price of $0.74; and a corporate finance fee at closing comprised of 25,000 Units, plus GST, for services rendered in connection with the offering.

Proceeds of the financing will be used for general exploration expenditures on the Company's Workman Creek uranium deposit in Gila County, Arizona and working capital.

The financing is subject to regulatory acceptance.

ON BEHALF OF THE BOARD

Donald Morrison, President

Shares Issued: 11,142,928

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

Contact Information