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WCX

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Share Name Share Symbol Market Type
TSXV:WCX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Williams Creek Explorations Limited Issues Flow-Through Shares

24/12/2010 10:01pm

Marketwired Canada


Williams Creek Explorations Limited ("WCX", "Williams Creek", or the "Company")
(TSX VENTURE:WCX) is pleased to announce that it has closed on a non-brokered
private placement of Units, each Unit consisting of one Flow-Through Share and
one half of one non-flow-through warrant (the "Placement"). Gross proceeds from
the Placement are $1.03 million dollars (the hold periods under Canadian
securities laws and requirements of the TSX Venture Exchange expire April 25,
2011).


In the course of the Placement, Williams Creek has issued 2,783,783 Flow Through
Shares at a price of $0.37 per share and 1,391,890 warrants with an exercise
price of $0.75 and a duration of 18 months. Williams Creek has issued an
additional 162,161 "finders' warrants", each entitling the purchase of on
non-flow-through share at $0.37 per share for 12 months, and paid cash finders'
fees of $60,000.


The proceeds of the Placement will be used to fund Canadian Exploration Expenses
that Williams Creek intends to accrue in the course of its exploration of its
properties near Barkerville, BC and Kamloops, BC.


"Flow-Through Shares offer investors the opportunity to capitalize grassroots
exploration in a tax-effective fashion while allowing companies to limit the
dilution of their share capital base," said Michael R. Sonnenreich, Chairman and
CEO of Williams Creek. "This private placement provides Williams Creek with
additional ammunition for exploration as it continues to pursue its three-front
strategy of exploring, engaging in equity and joint venture investments, and
engaging in debt and royalty agreements."


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATIONIN THE UNITED STATES, AND
DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


About WCX:

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek
Explorations Limited. Williams Creek Explorations Limited is a Canadian company
with the primary purpose of participating broadly in the natural resource
sector, with an emphasis on the gold subsector, through exploration, joint
ventures or other equity investments.


The Company owns twenty-eight crown granted mineral claims in the Cariboo Mining
Division, and three crown granted mineral claims in the Kamloops Mining
Division, of British Columbia. The Company also has a net 30% interest in the
ATW diamond property in the MacKenzie Mining District of the Northwest
Territories.


This news release may contain forward looking statements including management's
assessments of future plans and operations, and expectations of future
production. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to,
the risks associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


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1 Year Williams Creek Gold Limited Chart

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1 Month Williams Creek Gold Limited Chart

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