Sacre-Coeur Minerals, Ltd.

Sacre-Coeur Minerals, Ltd.

November 04, 2005 19:32 ET

Sacre-Coeur Minerals, Ltd. Completes IPO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 4, 2005) - Sacre-Coeur Minerals, Ltd. (TSX VENTURE:SCM) (the "Company") announces that it has completed its $13,200,000 Initial Public Offering and its common shares will commence trading on Tier 1 of the TSX Venture Exchange on Monday, November 7, 2005 under the symbol "SCM".

The offering consisted of 8,000,000 Units, plus a fully exercised over-allotment option of 800,000 Units, for a total of 8,800,000 Units at the price of $1.50 per Unit for aggregate gross proceeds of $13,200,000. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the Company at the price of $2.00 until November 3, 2007. The Company's lead agent for the offering was Haywood Securities Inc., with syndicate members Credifinance Securities Limited, Sprott Securities Inc., and Blackmont Capital Inc. The Company also granted to the Agents warrants to purchase up to an aggregate of 880,000 common shares of the Company at the price of $1.50 per share until November 3, 2007.

About Sacre-Coeur

The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focussing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 850 square miles of mineral properties in Guyana, including the Million Mountain Property. The Company has offices in Vancouver, Canada and Georgetown, Guyana.


Irwin Olian, Chief Executive Officer and President

The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.

Contact Information

  • Sacre-Coeur Minerals, Ltd.
    Irwin Olian
    President and CEO
    (604) 899-0100
    (604) 899-0200 (FAX)