Playfair Mining Ltd. is pleased to announce that it has closed the non-brokered private placement announced on January 8, 2016. The Company has issued 1,500,000 common shares at a price of $0.05 per share for gross proceeds of $75,000. No finder’s fees were paid. All shares issued are subject to a hold period expiring 4 months and 1 day from the date of issuance.
The Company has also closed the debt settlement announced on January 8, 2016 by the issuance of 1,360,000 common shares at a deemed price of $0.05 per share in full and complete settlement of a debt of $68,000. The shares are subject to a hold period expiring 4 months and 1 day from the date of issuance.
ON BEHALF OF THE BOARD
“D. Neil Briggs”
D. Neil Briggs
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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 limitations, 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 and forward-looking statements may vary materially from those described herein.