Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") announces that it is
amending its non-brokered private placement offering (the "Offering"),
previously announced on July 3, 2013 and August 28, 2013. The Company has
increased its Offering to up to $2,500,000 through the issuance of a combination
of flow-through units (the "FT Units") at a price of $0.06 per FT Unit and
non-flow-through units (the "Units") at a price of $0.05 per Unit. Each FT Unit
is composed of one flow-through common share in the capital of the Company and
one common share purchase warrant. Each full warrant comprising the FT Units
will entitle the holder to acquire one additional common share at an exercise
price of $0.10 per share for a period of 36 months from the date of issuance.
Each (non-flow-through) Unit is composed of one common share in the capital of
the Company and one common share purchase warrant. Each warrant comprising the
Units will entitle the holder to acquire one additional common share at an
exercise price of $0.10 per share for a period of 36 months from the date of the
issuance.


The Company completed an initial closing of 3,500,000 Units for gross proceeds
of $175,000 on September 25, 2013. The Company anticipates the final closing of
the Offering will take place in early November.


The proceeds received from the Offering will be used (1) to carry out a minimum
1,000 meter drilling program towards completing a resource estimation of the
"Seymourville Frac Sand Project" in accordance with NI 43-101 rules; (2) to
complete a scoping study on the project (Preliminary Economic Assessment); which
will give Claim Post the ability to test market forward selling frac sand; and
(3) for general working capital purposes.


All Shares issued will be subject to a four (4) month hold period from the date
of closing. The Offering is subject to the approval of the TSX Venture Exchange.


At closing of the Offering finder fees of 7% of the proceeds may be payable in
cash, and 7% finder warrants which are exercisable for one common share of the
Corporation at the price of $0.10 per share and expiring 36 months from the date
of closing of the Offering.


Claim Post Resources Inc. is a Canadian based mineral exploration company that
is transitioning from gold and base metal exploration into now becoming a frac
sand supplier to Canadian oil and gas industry. Claim Post is a reporting issuer
in Ontario, Alberta and British Columbia. The Company now has a 100% ownership
right in 428 hectares of quarry sand leases and an option to purchase 100% in
the adjoining 306 hectares near Seymourville, Manitoba. The Company intends to
develop the "Seymourville Frac Sand Project" as a source of fracking sand for
the oil and gas industry in Western Canada. Claim Post also has mineral claims
in the Timmins area for gold and base metal exploration. There are 52,788,831
common shares of the Company issued and outstanding.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. The Company does not assume the obligation to update any
forward-looking statement.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Claim Post Resources Inc.
Charles Gryba
President and Director
416-801-6366
www.claimpostresources.com


Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776

Canadian Premium Sands (TSXV:CPS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Canadian Premium Sands.
Canadian Premium Sands (TSXV:CPS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Canadian Premium Sands.