St. Elias Mines Ltd. - Correction

Vancouver, BC / ACCESSWIRE / June 12, 2014 / St. Elias Mines Ltd. (SLI-TSX-V) announces that the following information replaces the private placement information contained in the Company's news release previously issued on June 3, 2014.

The Company has closed $10,000 of the non-brokered private placement of up to 5,000,000 units at a price of $0.05 previously announced on April 23, 2014 (the "Private Placement"). The Company has issued 200,000 units at a price of $0.05 per unit. Each unit consists of one common share of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at a price of $0.10 for a period of 24 months following closing. All securities issued in connection with the Private Placement are subject to a four-month hold period expiring October 7, 2014.

For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call
1-888-895-5522 (toll free US and Canada) or contact:

ST. ELIAS MINES LTD.

(signed "Lori McClenahan")

Lori McClenahan,

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: St. Elias Mines Ltd.