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| | February 19, 2010
News Release
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| | The Company wishes to announce that it has entered into private placements for the sale of 5,000,000 units at $1.00 per unit for a total of $5,000,000, where each unit consists of one common share of the Company and one transferable share purchase warrant having a one year term for the purchase of one further common share of the Company at the exercise price of $1.25 per share.
The Company shall use the proceeds of the offering for general working capital.
A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.
This private placement is subject to approval by the TSX Venture Exchange.
On Behalf of the Board of Directors
MOSQUITO CONSOLIDATED GOLD MINES LIMITED
Per:
_______________________________
Brian McClay, Director
For further information: Tel: (604) 689-7902 / Fax: (604) 689-7816 / www.mosquitogold.com
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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| | You can view the Next News Releases item: Wed Feb 24, 2010, Mosquito intersects best copper intersection to date at CUMO Deposit; Hole 53 intersects 1671 feet grading 0.97% Copper equivalent / 0.108% Molybdenite equivalent
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