Confederation Minerals Ltd. (TSX-V: CFM) is pleased to announce that the TSX Venture Exchange has accepted for filing documentation with respect its previously announced Non-Brokered Private Placements. The financing consists of 1,684,666 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $252,669.90. Each Unit consists of one common share and one warrant entitling the holder to acquire an additional common share of the Company for a period of two years at $0.25. The securities have now been issued having a hold period expiring October 2, 2010. The proceeds of the financing will be used for general working capital.
Confederation Minerals is an active junior exploration company with a focus on Potassium and Gold exploration targets.
ON BEHALF OF THE BOARD OF DIRECTORS
Signed “Peter Bryant”
Chief Financial Officer