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Mont Blanc Announces Non-Brokered Private Placement
VANCOUVER, B.C., August 9, 2007 - Mont Blanc Resources Inc. (TSX-V: MTN),
announces a non-brokered private placement whereby the company will raise up to
$400,000 by issuing up to 4,000,000 Units at a price of $0.10 per Unit. Each Unit
consists of one common share and one half share purchase warrant. Each full warrant
entitles the holder to acquire one additional common share of the company at a price of
$0.20 per share for a period of one year from the date of issue. This financing is subject
to regulatory approval.
The proceeds of the private placement will be used for working capital.
About Mont Blanc
Mont Blanc (www.montblancresources.com) is an oil and gas exploration company focused on participating in low to medium risk oil and gas opportunities.
Company Contacts:
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Any statements regarding the company's future financial position, revenues, earnings, plans and objectives are forward-looking statements. Mont Blanc will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian Securities regulatory authorities by Mont Blanc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.
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