Stock Symbols: SUD (TSE)
TORONTO, Nov. 26 /CNW/ - Sudbury Contact Mines Limited ("Sudbury
Contact") is pleased to announce today that it has completed a private
placement of "flow-through" common shares to raise gross proceeds of $500,000.Under the private placement, Sudbury Contact issued 769,231 flow-through
common shares of Sudbury Contact at a price of $0.65 per share. The gross
proceeds from the private placement will be used for qualifying Canadian
Exploration Expenses related to the ongoing exploration program of Sudbury
Contact. Dundee Securities Corporation acted as agent for the private
placement. Sudbury Contact is an exploration and development company with gold and
diamond properties in Nevada, Northeastern Ontario and Northwestern Quebec.
Sudbury Contact is the principal exploration subsidiary of Agnico-Eagle Mines
Limited (NYSE: AEM, TSE: AGE). The common shares of Sudbury Contact are listed
on The Toronto Stock Exchange (SUD).
|