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IG.V
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Issues Shares and Warrants to Paribas North America, Inc.
Publié le 17 juillet 2009
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Re: News - Friday, July 17, 2009
Infinito Issues Shares and Warrants to Paribas North America,
Inc.
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Infinito Gold Ltd. (the "Company") announces that it has issued 250,000
shares and 1,200,000 share purchase warrants (the "Warrants") to
Paribas North America, Inc. (a wholly-owned subsidiary of BNP Paribas)
in respect of services provided by BNP Paribas to the Company. BNP
Paribas has provided structuring advice and engaged in background
preparations to enable it to proceed promptly with project debt
financing for the Company's Crucitas Project if the challenge to the
Company's mining permit before the Costa Rican constitutional court
(the SALA IV) is resolved favourably.
Each Warrant entitles the holder to acquire one common share of the
Company at $0.204 per share on or before July 16, 2012, but 600,000 of
the 1,200,000 Warrants issued only vest and become exercisable upon
completion and drawdown of project debt financing by the Company. In
addition, the Company has agreed to issue to Paribas North America,
Inc. a further 250,000 common shares at the closing and drawdown of the
project debt financing.
The 250,000 shares, the Warrants and the shares issuable under the
Warrants, are subject to a hold period expiring on November 17, 2009.
The Company advises that it has proceeded with preparations for a
project debt financing as it considered it to be in the best interests
of the Company in light of its cash flow needs, notwithstanding the
proceedings before the SALA IV have not been resolved. No inference
should be drawn from the payment of the shares and Warrants that the
Company has secured project debt financing or that the SALA IV
proceedings will be resolved favourably.
Caution Regarding Forward-Looking Information and Statements
Certain statements in this press release address future events and
conditions and, as such, involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
These factors include, among others, the inherent risks involved in the
exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data,
fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future, the
possibility that all necessary governmental and regulatory approvals
will not be received, and the availability of a qualified workforce and
third party contractors necessary for the development and operation of
a mine. The Company undertakes no obligation to update these
forward-looking information or statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking information or
statements.
INFINITO GOLD LTD.
John Morgan
President
"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release."
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Copyright (c) 2009 INFINITO GOLD LTD. (IG) All rights reserved. For
more information visit our website at http://www.infinitogold.com/ or
send mailto:info@infinitogold.com
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