Habanero Private Placement
HABANERO RESOURCES INC.
(“Habanero”)
1470-701 West Georgia Street Vancouver, BC Canada V7Y 1C6 March 7, 2013
Trading Symbol:
HAO: TSX Venture Exchange HBNRF—USA HRJ—Germany
Habanero Private Placement
Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE: HAO.V) wishes to announce that it is proposing a non-brokered private placement to raise proceeds of up to $500, 000. The placement will consist of $300,000 of non flow-through at $0.01 per unit and $200,000 of flow-through at $0.015 per unit. The flow-through units will consist of one flow-through common shares and one non flow-through share purchase warrant. The non flow-through units will consist of one non flow-through common shares and one non flow-through share purchase warrant. The share purchase warrants for both the flow-through and non flow-through units will be exercisable at a price of $0.05 for a period of 12 months from closing and then at $0.10 for a period of 4 years from closing (the “Offering”), subject to approval of the TSX Venture Exchange (the “TSXV”).
The Offering is being conducted in accordance with the TSXV Bulletin dated August 17, 2012 regarding Private Placements – Temporary Relief from Certain Pricing Requirements as amended on December 12, 2012. Proceeds of the Offering are expected to be used towards payment of outstanding payables, general and administrative expenses, and to maintain Habanero's current properties. A finder’s fee may be paid in accordance with TSXV Policy.
Habanero is a diversified junior company with the following prospects: the White Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the Yukon bordering Alexco Resources Corp.'s Bellekeno property; the Lezai Multi-Element Prospect located approximately 100 km north of Chibougamau Quebec; and the Grande- Vallée North Aluminous Clay Prospect consisting of approximately 7,400 hectares (18,285 acres) near Murdochville Quebec, bordering Orbite Aluminae Inc.'s deposit.
If you would like more information regarding this proposed private placement please email [email protected] or call Mr. Jason Gigliotti directly at 604 646 6900.
Habanero Resources Inc.
Tel: 604 646 6900 “Jason Gigliotti”
Jason Gigliotti, President
Neither the 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.