Argentina Mining Play

[Ed Monton]

Cons Pacific Bay to raise $200,000 privately


2005-11-10 19:04 ET - News Release

Mr. Guilford Brett reports

FINANCING ARRANGED

Consolidated Pacific Bay Minerals Ltd. has arranged a non-brokered private placement for up to two million units at 10 cents each. Each unit consists of one common share and one non-transferable share purchase warrant that will allow the holder to purchase an additional common share at a price of 15 cents for a period of one year from the date of closing. The proceeds of the offering are to be used to finance the company's Cueva del Chacho uranium exploration project in La Rioja province, Argentina, and for working capital.

A finder's fee of 10 per cent, payable in common shares of the company at a price of 10 cents, may be payable on a portion of the financing.