Threegold Resources Inc.
TSX VENTURE : THG

Threegold Resources Inc.

June 13, 2007 11:47 ET

Threegold Resources Completes Private Placement

VAL-D'OR, QUEBEC--(Marketwire - June 13, 2007) - Threegold Resources Inc. (TSX VENTURE:THG) announces that it has completed a private placement by issuing 1,000,000 units to investors in Ontario and Quebec at a price of $0.28 per unit, for gross proceeds to Threegold of $280,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of Threegold at a price of $0.40 per share for a period of twelve months.

Under applicable securities legislation and the policies of the TSX Venture Exchange, the common shares and warrants issued pursuant to the private placement are subject to a hold period expiring on October 7, 2007.

All of the proceeds from the private placement will be added to Threegold's working capital and 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.

As a result of the private placement, there are 19,506,058 common shares of Threegold issued and outstanding.

Threegold is a new and innovative mineral exploration company focused on the exploration for gold and base metals in the Province of Quebec.

Threegold's common shares are listed on the TSX Venture Exchange under the symbol "THG".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Threegold Resources Inc.
    Mr. Antoine Fournier, P.Geo.
    President and Chief Executive Officer
    819-825-3883
    819-825-7545 (FAX)
    afournier@threegold.ca
    or
    Threegold Resources Inc.
    Mr. Daniel Duval
    Chairman of the Board and Chief Financial Officer
    819-825-3883
    819-825-7545 (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