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Consolidated Spire Ventures Closes Private Placement of $250,000

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beambe   Monday, 10/04/10 04:43:08 PM
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Consolidated Spire Ventures Closes Private Placement of $250,000
posted on Sep 29, 10 05:44AM (Log in to use the IP Check tool) [?]
(via Thenewswire.ca)

Consolidated Spire Ventures Ltd. ("the Company") has closed a non-brokered private placement of 5,000,000 common shares at $0.05 per share for gross proceeds of $250,000. A finder's fee was paid in accordance with the policies of the TSX Venture Exchange. The shares issued are subject to a hold period expiring on January 28, 2011. The proceeds of this private placement will be used for general working capital purposes.

About Consolidated Spire Ventures Ltd.

Spire has a 100% interest in the Fox Creek Lithium Property in an area outlined by the Alberta Research Council and Alberta Geological Survey as having potential for a large resource of lithium within the formation waters.

Spire has a 100% interest in the 107.9 sq km Prospect Valley Property. The property is road-accessible, in close proximity to good infrastructure, and is located within the Spences Bridge Gold Belt approximately 3 hours driving time from Vancouver. The Prospect Valley Gold Property contains several bulk tonnage gold targets and is only 30km south of the world class Highland Valley Copper Mine. In this complex geological environment, the property has the potential to host a significant gold mineralizing system and is viewed as a low grade, bulk mineable epithermal gold target. Altair Ventures Inc. is the operator of the project and has an option to earn up to a 90% interest.

If you are not currently on the CZS updates list, please send in your email address to info@spireventures.com or call 604-662-7455 with the best method to keep you informed. We will send out regular updates and news releases to everyone who asks to be on the list. For further information contact the Company or visit www.spireventures.com.

ON BEHALF OF THE BOARD

Brian Buchanan

President and Director

Neither the 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 news release.

Copyright (c) 2010 Thenewswire.ca - All rights reserved.


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