StoneShield Capital Corp.
TSX VENTURE : STS
FRANKFURT : 5XS

StoneShield Capital Corp.

May 31, 2011 10:24 ET

StoneShield Announces Private Placement of Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2011) -StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) ("StoneShield" or the "Company") is pleased to announce the Company intends to complete a non-brokered private placement (the "Private Placement") to raise up to C$1,000,000 through the sale of up to 6,000,000 units (the "Units") at C$0.175 per Unit. Each Unit will consist of one common share and one common share purchase warrant. 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. Finders fees may be payable in connection with the Private Placement as permitted under the policies of the TSX Venture Exchange.

Net proceeds from the Private Placement will be utilized to fund the proposed work programs on StoneShield's El Mercado property, Colombia; on the Geldenhoof property, British Columbia; on the Company's Risby Copper property, Northwest Territories; and for general working capital.

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 www.stoneshieldcapital.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STONESHIELD CAPITAL CORP.

Kris Kottmeier, President/CEO

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.

Contact Information

  • StoneShield Capital Corp.
    Benjamin Curry
    Investor Relations
    (604) 569-0799 or Toll Free at 1-877-689-2881
    www.stoneshieldcapital.com