|April 21, 2009|
Playfair News Release 2009-03
|News Release 2009-03|
Playfair Mining Ltd. (the "Company") (TSX-V: PLY) is pleased to announce that further to its news releases of January 26, 2009 and March 17, 2009, it has closed the first tranche of its private placement, issuing an aggregate 10,003,900 common shares at a price of $0.05 per share, for gross proceeds of $500,195. The Company paid finders' fees totaling $35,519.50 in connection with the private placement.
All securities issued with respect to this private placement are subject to a hold period expiring on August 14, 2009.
The Company also announces the resignation of Neil Briggs as President. Mr. Briggs will remain a director of the Company.
ON BEHALF OF THE BOARD
"D. Neil Briggs"
D. Neil Briggs