Continental Minerals Corporation - News Releases - Continental'S $25 Million Financing Over-Subscribed, Increased By $12 Million - Mon Sep 6, 2010

Subscribe:

Search:

September 06, 2010

Site Map

Continental Minerals Corporation

Investor Centre News Releases Stock Quotes Media Coverage Company Overview SEDAR Filings Corporate Events

News Releases

2009 | 2008 | 2007 | 2006 | 2005 | 2004

	Mon Feb 12, 2007 Continental'S $25 Million Financing Over-Subscribed, Increased By $12 Million
	February 12, 2007, Vancouver, BC - Continental Minerals Corporation ("Continental" or the "Company") (TSX Venture: KMK; OTCBB: KMKCF) is pleased to announce Continental's recently announced financing is fully subscribed at $25 million and closing is set for mid-week. The Company also announces that Taseko Mines Limited ("Taseko") has exercised its pre-emptive right to participate in the financing for $12 million based on the terms of its previously purchased convertible note. Accordingly, an aggregate of 22.4 million Units will be issued for consideration of $37 million, subject to final approval by the TSX Venture Exchange. The proceeds will be used for working capital, to pay down indebtedness and for continued exploration of the Xietongmen property. Taseko is a public company with certain common directors with Continental. On completion of the financing, Taseko will own 7,827,796 shares or approximately 6.9% of Continental's shares. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available. For additional details, please visit the Company's website at www.continentalminerals.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. On behalf of the Board of Directors Gerald Panneton President and Chief Executive Officer No regulatory authority has approved or disapproved the information contained in this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address the expected completion of financings and use of proceeds thereof, if any, are forward-looking statements. Although Continental believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market or business conditions and regulatory reviews. . For more information on Continental Minerals Corporation, Investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.

	You can view the Next News Releases item: Thu Feb 15, 2007, Continental And Jinchuan Sign Framework Agreement for Equity Financing, Capital Financing, Concentrate Off-Take And Other Mine Building Support You can view the Previous News Releases item: Mon Feb 5, 2007, Continental Increases Financing To $25 Million You can return to the main News Releases page, or press the Back button on your browser.