StoneShield Capital Corp.

StoneShield Capital Corp.

July 29, 2011 16:30 ET

StoneShield Announces Close of First Tranche of Private Placement of Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2011) - StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) ("StoneShield" or the "Company") is pleased to announce the Company has received approval for, and closed the first tranche of a non-brokered private placement (the "Private Placement") to raise up to C$1,050,000 through the sale of up to 6,000,000 units (the "Units") at C$0.175 per Unit. Each warrant will entitle the holder to purchase one additional common share for 24 months from the closing of the Private Placement at a price of C$0.25 per share for the first 12 months and C$0.35 for the remaining 12 months. The first tranche consisted of 3,889,759 Units to raise gross proceeds of $680,707.80.

All shares are subject to a hold period and may not be traded until November 22, 2011, except as otherwise permitted by applicable Canadian securities laws and the TSX Venture Exchange. Finder's fees totaling C$13,730 and 78,050 non-transferable finder's warrants, were paid to certain finders and comprise 8% cash and finder's warrants of the amount placed by those finders. Each finder's warrant is exercisable into one common share of the Company at an exercise price of $0.25 in the first year and $0.35 in the second. The finder's warrants expire on July 22, 2013.

StoneShield is a publicly traded exploration company which currently has 17,974,994 shares outstanding. The Company is focused on the discovery of high-value precious metals deposits in North and South America. StoneShield's experienced management team boasts multiple discoveries, and brings over 70 years of combined experience in the mining and exploration sector. Please visit the Company's web site address at


Toma S. Sojonky, Director

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.

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