Replies to post #2023 on Tara Gold Resources (fka TRGD)

[Sam Dan]

Another J/V partner of tara gold has announced comnpletion of a PP to fund development of their joint Gold property.
"Columbia Metals Corp Ltd (C:COL)
Shares Issued 62,896,427
Last Close 8/17/2007 $0.165
Monday August 20 2007 - News Release

Mr. Chris Berlet reports

COLUMBIA ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Columbia Metals Corp. Ltd. has closed its previously announced private placement financing. Under the terms of the private placement financing, gross proceeds of $1-million, representing five million units at a price of 20 cents per unit have been received. Each unit comprises one common share and one-half of one common share purchase warrant of Columbia. Each common share purchase warrant is exercisable for one Columbia share at a price of 30 cents per share until Feb. 17, 2009.

Two of the directors of Columbia are subscribing for approximately 20 per cent of the private placement.

Finder's fees totalling $74,500 were paid to International Financial Consulting, International Coordination Ltd., Fort House Inc. and Keith, Bayley, Rogers & Co. Ltd.

Columbia will use proceeds of the private placement financing to further progress rehabilitation work at its Lluvia de Oro gold mine and for general working capital purposes.

Subject to regulatory approval, Columbia has agreed to settle a debt of $15,000 with HDL Capital Corp. by the issuance of 60,000 units of Columbia at a settlement price of 25 cents per unit. Each unit comprises one common share and one-half of one common share purchase warrant of Columbia. Each common share purchase warrant is exercisable for one Columbia share at a price of 35 cents per share until Feb. 17, 2009."