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White Mountain Titanium Corporation (WMTM)

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Last Post: 12/1/2016 4:47:28 PM - Followers: 4 - Board type: Free - Posts Today: 0
White Mountain Completes $2.13 Million Financing and Advances Pilot Plant Program at the Cerro Blanco Project

SANTIAGO, Chile, Oct 08, 2008 /PRNewswire-FirstCall via COMTEX/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM) reports that it has completed a private placement financing and raised $2.13 million. The Company issued 2.84 million common shares at a price of $0.75 per share. Third party advisory fees related to the financing total $131,946.
The Company will use the funds for general treasury purposes, as well as advancing the Pilot Plant program at its Cerro Blanco titanium project.

"Proceeds from this financing will allow White Mountain to move the Cerro Blanco project forward," said Michael Kurtanjek, the Company's President and CEO. "Our immediate objectives are to finalise operational details in respect to the Pilot Plant program. I am also delighted that in this difficult market White Mountain continues to find support from investors who see the long-term potential of this unique project."

About White Mountain Titanium Corporation

The Company holds mining concessions on the Cerro Blanco property currently consisting of 33 registered mining exploitation concessions and five mining exploration concessions in the process of being constituted, over approximately 8,225 hectares located approximately 39 kilometers west of the City of Vallenar in the Atacama, or Region III, geographic region of northern Chile. The Company's principal objectives are to advance the Cerro Blanco project towards a final engineering feasibility, and to secure off-take contracts for the planned rutile concentrate output. It would be the intention to sell the rutile concentrate to paint and pigment producers. Work also continues to investigate the commercial viability of producing a feldspar co-product. The feldspar could find applications in the glass and ceramics industries.

The OTC BB has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in our press releases and on our website, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10K for the year ended December 31, 2007, File No. 333-129347, and in subsequent filings with the SEC. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml


Contact:
White Mountain Titanium Corporation

Michael Kurtanjek, President
(56) 2 231-5780

Brian Flower, Chairman
(604) 408-2333

SOURCE White Mountain Titanium Corporation
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WMTM News: Amended Current Report Filing (8-k/a) 12/05/2016 04:43:53 PM
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WMTM News: Current Report Filing (8-k) 11/02/2016 12:03:13 PM
PostSubject
#24   Look like we got a tiny bounce today. Chess Master 12/01/16 04:47:27 PM
#23   Found support at .02. A block for Chess Master 11/30/16 10:56:48 AM
#22   Looks like Tax loss Selling today. I Chess Master 11/30/16 10:04:17 AM
#21   So it looks like they company is containing Chess Master 11/29/16 10:11:45 AM
#20   Looks like it will go sub penny! Lowjack 06/07/16 12:20:50 PM
#19   anyone know what is going on. Stock Chess Master 10/27/15 12:47:11 PM
#18   Famous people from Chili. willlbone 06/17/15 11:08:49 AM
#17   Heating up Roy London 12/09/13 02:32:40 PM
#16   things are heating up for WMTM... best reversal Roy London 12/06/13 06:19:40 AM
#14   Getting ready Roy London 12/03/13 02:46:07 PM
#13   Strong accumulation going on Beauty bottom Roy London 11/01/13 08:17:29 AM
#12   Nice buy today Roy London 10/31/13 10:56:45 AM
#11   $WMTM > Technical Penny Roger$ 08/29/13 06:38:42 PM
#10   Just had to be first to post...Hyundai! Highlandmike 06/29/12 02:29:34 PM
#9   The November 22 announcement addressing the expansion of ascension 11/27/11 08:42:52 AM
#8   wow thank you for the info MakinBank 11/04/11 09:18:40 AM
#7   Have posted on yahoo board but hardly anyone Journeymananalyst 11/03/11 06:48:52 PM
#6   wow no1 here. the chart looks excellent. looks MakinBank 11/02/11 02:40:06 PM
#5   anyone here? urche 07/09/09 04:41:58 PM
#2   White Mountain Extends Pilot Plant Program to Include di4 05/20/09 07:08:12 AM
#1   White Mountain Completes US$ 1 Million Financing and di4 05/12/09 07:57:39 AM
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