GUS.P) is pleased to announce that, further to its previous announcement dated December 14,
ANGUS RESOURCES INC.
205-1836 West 5th Avenue Vancouver, British Columbia V6J 1P3
NEWS RELEASE
Vancouver, B.C., June 1, 2010 – Angus Resources Inc. (the “Company”), a Vancouver based Capital Pool Company listed on the TSX Venture Exchange Inc. (the "Exchange") (symbol: GUS.P) is pleased to announce that, further to its previous announcement dated December 14, 2009, the Company has closed a non brokered private placement of 5,000,000 common shares at a price of $0.20 per share for gross proceeds of $1,000,000 (the “Offering”). There was no finder’s fee payable with respect to this Offering.
The Company will use the proceeds raised from the Offering to pay for transaction costs related to the Company’s Qualifying Transaction, proposed work programs on properties to be acquired in Colombia and for general working capital. The common shares issued pursuant to the Offering are subject to a four month hold period expiring on October 2, 2010.
ON BEHALF OF ANGUS RESOURCES INC.
"Brandon Rook"
BRANDON ROOK
Director
For further information contact: Brandon Rook Tel: (604) 484-0066
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this news release.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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