|April 16, 2010|
Playfair Arranges $750,000 Financing
|Playfair Mining Ltd. has arranged a non-brokered private placement consisting of 7.5 million shares at $0.10 per share for total proceeds of $750,000. A finder's fee may be payable in connection with this placement. All securities issued pursuant to this offering will have a hold period expiring four months from the closing date. The funds will be used to advance the company's exciting Seal Lake Cu-Ag project and for general working capital purposes. Completion of the placement is subject to TSX Venture Exchange approval. |
ON BEHALF OF THE BOARD
"D. Neil Briggs"
D. Neil Briggs
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.