|April 28, 2010|
Cliffmont Closes $450,000 Private Placement
|Vancouver, British Columbia - April 28, 2010 - Cliffmont Resources Ltd. (TSXV - CMO) Mr. Brandon Rook, President and CEO, is pleased to announce that the Company has completed its non-brokered private placement financing announced on April 9, 2010, by issuing 3,000,000 units, at a price of $0.15 per unit, for gross proceeds of $450,000. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the Company for a period of two years from closing at a price of $0.20 per share. All securities issued in connection with the financing are subject to a four-month hold period expiring August 29, 2010. The proceeds of this financing will be used to pursue acquisition and exploration of resource properties, and for corporate and administrative expenses and working capital.|
ON BEHALF OF THE BOARD
Brandon Rook, President and CEO
Telephone: (604) 566-4454
Facsimile: (604) 683-1585
Forward Looking Statements.
This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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.
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