SUPREME RESOURCES LTD. (“Supreme” or the “Corporation”) (TSX-V: “SPR”) announces that the Company has closed its previously announced non-brokered private placement. 79,900,000 Common Share Units at $0.005 per unit were issued for total gross proceeds of $399,500. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable for 12 months from closing at an exercise price of $0.05 per common share. No insiders participated in the financing. Finders’ fees of $4,840 and 1,040,000 finder’s warrants exercisable for 1 year from closing at $0.05 were issued in connection with this closing.
The securities issued in connection with this closing are subject to a hold period until January 31, 2014. The Company intends to use the net proceeds of the offering for general working capital with $75,000 being paid to insiders for debt repayment.
About Supreme Resources Ltd.:
Supreme Resources Ltd. is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources’ goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.
Further news will be forthcoming in the near future.
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.
Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company’s securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.