Ballad hat 1,5 Mio $ Cash für den Kauf der Penascudo
Ländereien auf dem Konto! Sobald die Grundstücke im
Besitz von Ballad Gold and Silver sind, wird eine
Meldung kommen, wieviel Gold & Diamanten sich dort
befinden! Ich rechne mit einer ähnlichen Entwicklung
wie bei Southern Silver!
Source§MARKET NEWS
Date11/24/2005§
Time§12:43:46 PM
Company§Ballad Gold & Silver Ltd.
Title§$1.5m Private Placement
Press Release
Ballad Gold & Silver Ltd. ("Ballad") is pleased to announce it has
agreed to a non-brokered private placement financing of up to $1,500,000
comprised of up to 18,750,000 units at $0.08 per unit. Each unit consists
of one common share and one transferable warrant entitling the holder to
purchase one additional share for $0.105 per share for a period of two
years. A portion of the financing may be issued on a flow-through basis.
Funds from the financing will be used for exploration, working capital,
property payments, payment of debts, general corporate purposes, property
investigations and acquisitions. Finder's fees may be payable on a portion
of the financing in cash.
The financing and finder's fees are subject to acceptance for filing by the
TSX Venture Exchange.
Ballad is not proceeding with the private placement announced on
October 18, 2005.
BALLAD GOLD & SILVER LTD.
Per: "Anthony J. Beruschi"
Anthony J. Beruschi
President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release
For further information please contact the President, Anthony J. Beruschi
B.Sc. LLB., at 604.682.7159, or 1.888.880.2288 or ajb@balladnet.com.
Cautionary Note to US Investors: This news release may contain
information about adjacent properties on which we have no right to explore
or mine. We advise U.S. investors that the SEC's mining guidelines strictly
prohibit information of this type in documents filed with the SEC. U.S.
investors are cautioned that mineral deposits on adjacent properties are
not indicative of mineral deposits on our properties. This news release may
contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and therefor involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.