Threegold Resources Inc.
TSX VENTURE : THG

Threegold Resources Inc.

September 16, 2010 09:40 ET

Threegold Announces a $500,000 Private Placement

VAL-D'OR, QUÉBEC, CANADA--(Marketwire - Sept. 16, 2010) - Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce that it is currently proceeding with a private placement. According to the terms of the placement, the company plans to raise up to $500,000 by issuing 10,000,000 units at a price of $0.05 per unit. Each unit will be comprised of one (1) common share of the company and one share purchase warrant entitling the holder to purchase one additional common share of the company at a price of $0.10 for a period of one year following the closing. The closing of the placement is expected to occur within the next week.

All of the proceeds from this private placement will be used for general corporate purposes as well as for exploration work on the company's existing mining exploration properties located in the province of Quebec.

The private placement is subject to regulatory approval. In accordance with applicable securities legislation, the securities issued in connection with the private placement will be subject to a four-month hold period following the closing of the Offering.

ABOUT THREEGOLD

Threegold Resources is a dynamic and active Quebec‐based junior explorer with a diversified property portfolio. Threegold is pursuing exploration on three main projects in Quebec: Lemieux Dome in the Gaspé Peninsula for copper, zinc, lead, silver and gold; Mercier in the Abitibi region where the company recently made a rare earth element discovery containing base and rare metals (see press release of February 2, 2010); and Adanac, a gold property located a few kilometres from downtown Rouyn‐Noranda.

You can also visit our website: www.threegold.ca

Neither the 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

  • Threegold Resources Inc.
    Mr. Antoine Fournier, P.Geo.
    President and CEO
    819-825-3883
    819-825-7545 (FAX)
    info@threegold.ca
    or
    Threegold Resources Inc.
    Mr. Octavio Soares FCA
    Chief Financial Officer
    418-999-8811
    418-652-8149 (FAX)
    info@threegold.ca
    www.threegold.ca
    or
    S.N.D.L. Financial Communication
    Mr. Sylvain Laberge
    Investor Relations
    514-380-5610
    slaberge@sdnlfinancial.com