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Attention Business Editors
St. Eugene private placement closing
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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
TSX VENTURE SEM
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VANCOUVER, Oct. 6 /CNW/ - St. Eugene Mining Corporation Limited (the
"Corporation" or "St Eugene") - (TSX Venture Exchange: SEM), announces the
closing of the second tranche of the Private Placement that was announced on
August 8, 2008. A total of 170,000 units ("Units") were issued, raising gross
proceeds of $17,000, including a total of 50,000 Units sold to a director of
the Corporation.
Every 10,000 Units consist of 8,000 non flow-through common shares of the
Corporation, 2,000 flow-through common shares and 5,000 non-transferable non
flow-through common share purchase warrants ("Warrants"). Each Warrant
entitles the holder to acquire an additional non flow-through share at a price
of $0.15 per share until September 29, 2009.
All securities issued in connection with the offering will be subject to
a four-month hold period expiring on January 30, 2009.
The proceeds of the offering will be used for working capital, and to
fund exploration and engineering studies related to St. Eugene's British
Columbia Moyie Project, as well as for other projects.
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On Behalf of the Board of Directors of
ST. EUGENE MINING CORPORATION LIMITED
"R. T. Trenaman"
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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/For further information: Rolly Trenaman: tms1@telus.net; Rishi:
Rishi@steugenemining.ca, cel: (604) 760-3999; Kirsti:
kirsti@steugenemining.ca/
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