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Leading Base Metals Mining Company - Exploration, Mining, Metal Production and Sales
Message: Closes $552,000 Private Placement
| February 3, 2009 |
| Hudson Closes $552,000 Private Placement |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2009) - HUDSON RESOURCES INC. ("Hudson") (TSX VENTURE:HUD) has closed its previously announced non-brokered private placement in the amount of $552,000. This amount is $52,000 greater than the $500,000 placement announced on January 7, 2009. A total of 5,520,000 Units ("Units") were issued at a price of $0.10 per Unit. Each Unit will be comprised of one fully paid and non-assessable common share (a "Share") in the capital of the Company and one-half of one transferable Common Share purchase warrant (a "Warrant"). Each whole Warrant shall entitle the holder thereof to purchase one additional Share (a "Warrant Share") in the capital of the Company up to August 3, 2010 at an exercise price of $0.20 per Warrant Share. Both the Common Shares issued as part of the Units and any Common Shares issued upon exercise of the Warrants are subject to a hold period, which expires on June 4, 2009 and, such Common Shares may not be traded until June 4, 2009, except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture Exchange. No finder's fees were paid in connection with this private placement. ON BEHALF OF THE BOARD OF DIRECTORS James Tuer, President |
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