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Ross River Minerals: Private Placement Closed
Vancouver, Canada (ots/PRNewswire) - Ross River Minerals Inc. (TSX-V: RRM) (the "Company") announces that the private placement announced on August 19 and 29, 2005 has closed. The company has issued 6,400,000 units for gross proceeds of CDN$1,600,000. Each unit consists of one share and one-half share purchase warrant; each full share purchase warrant entitles the holder to purchase a common share for a period of two years at CDN$0.35 per share. Finder's fees of CDN$23,880 and 238, 800 warrants have been paid to Leede Financial Markets Inc., CDN$16,000 and 160,000 warrants to Haywood Securities Inc., CDN$36,000 and 360,000 warrants to Bolder Investment Partners Ltd. and CDN$22,500 to L. Sadler. The broker warrants have the same terms as the share purchase warrants and the securities have a four month hold period until January 23, 2006. Two directors of the Company purchased 212,000 units of the placement.
The net proceeds from this private placement will be used for general working capital and expenditures on the Company's El Pulpo property located in Sinaloa State, Mexico.
To find out more about Ross River Minerals (TSX-V: RRM) visit our website at www.rossriverminerals.com.
ROSS RIVER MINERALS INC.
Per: "Marcus N. Foster"
Marcus N. Foster, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this release.
ots Originaltext: Ross River Minerals Inc
Im Internet recherchierbar: http://www.presseportal.ch
For further information: ROSS RIVER MINERALS INC., 1004 - 750 West
Pender Street, Vancouver, BC, V6C 2T7, Telephone: +1-(604)-682-2770,