Silver Shield Resources Corp.

Silver Shield Resources Corp.

November 02, 2006 09:15 ET

Silver Shield Completes First Phase Private Financing

TORONTO, ONTARIO--(CCNMatthews - Nov. 2, 2006) - Silver Shield Resources Inc., a private company dedicated to the development of small to mid size silver /gold deposits, is pleased to announce that it has closed its first phase of financing. The company has secured, with the aid of Foundation Capital Markets of Toronto an initial first tranche of financing in the amount of $ 405,000.

The funds will be used to expand its property position in the Elk Lake/Gowganda area of Ontario and continue work on its Welsh Silver Mine in Elk Lake.

The company continues to review other projects in line with its corporate objectives of developing small to mid size deposits into viable economic producers.

Contact Information

  • Silver Shield Resources Inc.
    Tim D Towers
    (905) 319-3033
    Foundation Markets Inc.
    Jeremy Goldman
    (416) 777-6174