1st Mar 2006 07:00
Medoro Resources Announces Completion of Financing /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Feb. 28 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announcedtoday that it has completed its previously-announced private placement of 100million common shares at $0.10 per share for gross proceeds of $10 million.All securities issued as part of this placement are subject to a four-monthhold. The funds will be used for general corporate and working capitalpurposes, which may include costs associated with identifying potentialacquisitions. Medoro Resources is a gold exploration and development company focused ongold opportunities in Italy and elsewhere in Europe. In addition to itsfinancial assets, the company has a 30% interest in the Monte Ollasteddu goldprospect in Italy. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE The securities being offered have not been, nor will they be, registeredunder the United States Securities Act of 1933, as amended, and may not beoffered or sold within the United States or to, or for the account or benefitof, U.S. persons absent U.S. registration or an applicable exemption from U.S.registration requirements. This release does not constitute an offer for saleof securities in the United States. For further information: Peter Volk, Secretary, (416) 603-4653,info(at)medororesources.com (MRL.) ENDMEDORO RESOURCES LTDRelated Shares:
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