Press Release Source: Tumi Resources Limited
Tumi Announces C$1.5 Million Financing
Thursday September 27, 4:34 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2007) - Tumi Resources Limited (the "Company") (TSX VENTURE:TM - News; OTCBB:TUMIF - News; FRANKFURT:TUY - News) -
ADVERTISEMENT
Mr. David Henstridge, President, is pleased to announce a private placement financing of up to 2,100,000 units at $0.72 per unit with each unit consisting of one share and one-half warrant. Each whole warrant will be exercisable at $0.90 for a period of one year from the date of closing of the financing.
Bolder Investments Partners, Ltd. ("Bolder") has been retained to place 1,400,000 units. Bolder will be paid a commission from the funds raised by Bolder consisting of 8% cash from the gross proceeds, of which, at Bolder's election, up to half may be paid in units, and agent warrants equal to 10% of the number of units sold by Bolder. The Company will also pay Bolder a work fee of $5,000 and reimburse them for reasonable expenses incurred in connection with the financing.
A finder's fee will be paid on a portion of the balance of the financing.
The net proceeds from the financing will be used to fund the Company's upcoming drill programs in Mexico and Sweden and for general working capital.
On behalf of the Board,
David Henstridge, President & CEO
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the TSX Venture Exchange nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.
Contact:
Mariana Bermudez
Tumi Resources Limited
Company Contact
(604) 699-0202
Email: mbermudez@chasemgt.com
Website: www.tumiresources.com
Nick L. Nicolaas
Mining Interactive Corp.
Investor Information Contact
(604) 657-4058
Email: nick@mininginteractive.com
--------------------------------------------------------------------------------
Source: Tumi Resources Limited
