Cdn$0.43 per Unit. Each Unit will consist of one co mmon share of the Company (a “Common Share”) and
TATMAR VENTURES INC.
Tatmar Announces Private Placement
*NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES*
Vancouver, British Columbia – Tatmar Ventures Inc. (TSX.V – TAT)
June 21, 2010
Tatmar Ventues Inc. (the “Company”) is pleased to announce a private placement (the “Offering”) to raise up to Cdn$900,000 by the issuance of 2,093,023 units (each a “Unit”) of the Company at a purchase price of Cdn$0.43 per Unit. Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each whole Warrant will entitle the holder thereof to purchase one additional common share (a “Warrant Share”) of the Company at an exercise price of Cdn$0.60 per Warrant Share for a period of 24 months following the closing (the “Closing Date”) of the Offering.
The Offering is scheduled to close on or about July 8, 2010, or such other date as agreed to by the Company, and is subject to the receipt of all necessary regulatory approvals including acceptance by the TSX Venture Exchange. Finders’ fees, calculated in accordance with Exchange policies, may be paid on some or all of the Offering.
The securities issued under the Offering sold will be subject to a four month hold period under applicable Canadian securities laws.
The net proceeds from the Offering will be primarily used to finance exploration of its Golden Brew property and for general working capital purposes.
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
ON BEHALF OF THE BOARD OF DIRECTORS,
“Gordon P. Leask”
Gordon P. Leask, P. Eng.
President and CEO
Additional Information - For more information please contact us at (604) 681-4462.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. Investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming private placement, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. There is no assurance we will be successful in closing the Offering in whole or in part.
Suite #922, 510 West Hastings Street, Vancouver, BC V6B 1L8 Tel: (604) 681-4462 Email: [email protected]