Portfolio News
| June 28, 2010 Teslin River Announces $1,100,000 Private Placement | |
| Teslin River Resources Corp. (TLR:TSX-V) ("Teslin" or the "Company") is pleased to announce its intent to complete a non-brokered private placement totaling gross proceeds of $1,100,000 consisting of 10,000,000 units at a price of $0.05 per unit ("Unit") and 12,000,000 "flow through" units ("FT Unit") at a price of $0.05 per unit. "Flow through" shares are issued within the meaning of the Income Tax Act (Canada). Each Unit will consist of a common share of the Company and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase a common share of the Company at a price of $0.10 for a period of 12 months from the close of the transaction. Each FT Unit will consist of a flow-through common share of the Company and one half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase a common share of the Company at a price of $0.10 for a period of 12 months from the close of the transaction. A finder's fee may be payable on some or all of the units placed. Proceeds are to be used for working capital purposes. About Teslin River Resources Corp. Teslin River Resources Corp. holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia. Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body. Neighboring properties held by Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V) are currently the subject of significant exploration including drilling by Gold Fields Limited (GFI:NYSE) under an option agreement. ON BEHALF OF THE BOARD "Michael Sweatman" Michael Sweatman, President and CEO Neither 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 release. | |
