San Gold Corporation (SGRCF)

[NYBob]

San Gold (TSX:SGR)fiat(CAD)$2.12 UP $0.02 (+0.95%
Bid 2.10
Ask 2.12
Volume 563,495
Day's Range 2.02 - 2.14
Click for Detailed Quote Page
Last Trade:12:07:03 EDT Jun-23-09

GDX Gold Miners NY chart TA LT making higher lows -



GLD chart TA alert ST gaps often have to be filled -



San Gold Increases Treasury by $37 Million on Exercise of Warrants
* Press Release * Source: San Gold Corporation
* Tuesday June 16, 2009, 7:55 am EDT

Dale Ginn, CEO of San Gold Corporation (TSX-V: SGR),
is pleased to announce that it has received proceeds
of $36,869,423,
pursuant to the recent exercise of $2.00 and $1.50 warrants.
San Gold issued 15,148,921 shares in exchange for $2.00
warrants that expired on May 30, 2009, and 4,381,054 shares
in exchange for $1.50 warrants that expired on June 15, 2009.
As of June 16, 2009, the Company had no remaining warrants outstanding.

Proceeds from the warrant exercises will be used to continue ongoing aggressive development and exploration of the high grade Hinge zones and the recently discovered Cohiba zone as well as to fund further corporate development and operations.
San Gold's current cash position is strong and considerably
in excess of its budgeted capital and operating requirements,
leaving the Company well positioned for future growth.

Shareholders are reminded that the San Gold Annual General
and Special Meeting will be held on June 23rd at 10 a.m. at
the Victoria Inn in Winnipeg, Manitoba. All meeting materials
were mailed to registered shareholders on June 2nd, 2009 and
are also available on the Company's website http://www.sangoldcorp.com
and at www.sedar.com.

For further information contact Dale Ginn, CEO of San Gold Corporation,
at [phone] or investor information
at 1-800-321-8564 or visit
http//www.sangoldcorp.com.

The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.

Contact:
Dale Ginn
CEO
San Gold Corporation
[phone]
Investor information
1-800-321-8564
http//www.sangoldcorp.com

http://finance.yahoo.com/news/San-Gold-Increases-Treasury-iw-3417959973.html?x=0&.v=1