Tatmar Announces Private Placement
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. (TSXV. – TAT)
November 2, 2010
Tatmar Ventures Inc. (the “Company” or “Tatmar”) is pleased to announce a non-brokered private placement (the “Private Placement”) to raise up to CAD$1,710,000 through the sale of up to 3,420,000 units (the “Units”) at a price of $0.50 per Unit. Each Unit is comprised of one common share and one-half of one transferrable share purchase warrant (“Warrant”), each whole Warrant entitling the holder to acquire one additional common share of the Company at a price of $0.65 per share for a period of one year from the date of issuance. The Company intends to pay finders’ fees in connection with its Private Placement comprising of 6% cash and/or 6% compensation options.
The proceeds of the Private Placement will be primarily used to finance exploration of the Company’s Golden Brew property located in Nevada, U.S.A. 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.
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.
Cautionary Note: This news release contains forward looking statements regarding the Company’s intended use of proceeds from its Private Placement. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. There is no assurance that the Company will expend the proceeds of the Private Placement in the manner contemplated. Actual results may differ materially from those currently anticipated in such statements.
SUITE #922, 510 WEST HASTINGS STREET, VANCOUVER, BC V6B 1L8 TEL: (604) 681-4462 EMAIL: [email protected]