Lundin Mining Acquires 15.4% Interest in Salazar Resources

Lundin Mining Acquires 15.4% Interest in Salazar Resources VANCOUVER, BRITISH COLUMBIA--(Feb. 3, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce that the Company has closed a non-brokered private placement (the "Private Placement") consisting of 6,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $3 million. Each Unit comprises one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company for a period of two years from closing at a price of $0.65 per share. The Company wishes to clarify that further to its press release dated January 30, 2012, the warrants issued in the Private Placement are non-transferable. Over 80% of the Private ...

 

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