Sacre-Coeur Closes Additional Private Placement for $1.213 Million

• Press Release
• Source: SACRE-COEUR MINERALS, LTD.
• On Tuesday August 18, 2009, 2:28 pm EDT

VANCOUVER, British Columbia--(BUSINESS WIRE)--SACRE-COEUR MINERALS, LTD. (the "Company") is pleased to announce the closing of its previously announced non-brokered private placement to several institutional investors. Gross proceeds of CAD $1,212,750 were raised in this placement.

Under the terms of the private placement, the Company has issued 1,865,769 Units (the “Units”) at CAD$0.65 per Unit. Each Unit consists of one Common Share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.85 until August 17, 2011.

The Company paid a cash finders’ fee of CAD $84,892.50, representing 7% of the aggregate gross proceeds of the offering and 149,261 finders’ warrants (“Finders’ Warrants”), where each Finders’ Warrant entitles the holder to purchase one common share of the Company at CAD$0.72 until August 17, 2011. The Units and Finders’ Warrants are subject to a 4-month hold period in Canada expiring December 18, 2009.