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Warrants Alert

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Website - http://www.visiblegoldmines.com/

Address: 202 - 139 Quebec Blvd
Rouyn-Noranda QC J9X 6M8
Phone: 819 762 0609
Fax: 819 762 0097
 
Warrant Symbol - VGD.WT
Number  Trading - A minimum of 3,375,000 share purchase warrants and a maximum of 5,625,000
Expiration Date - July 17, 2009
Cusip - 92834E 11 6
Exercise Price - $0.50

Warrants called to trade news:
 
Visible Gold Mines closes $5.4-million IPO
 
2007-07-17 09:29 MT - News Release
Visible Gold Mines Inc. has completed its initial public offering previously by issuing 5,460 units at a price of $1,000 per unit, for total proceeds of $5.46-million. Visible Gold's common shares commenced trading today on the TSX Venture Exchange under the symbol VGD. The common share purchase warrants comprised in the units also commenced trading today on the TSX Venture Exchange under the symbol VGD.WT.
Each unit consists of:
 
1,000 flow-through common shares of Visible Gold at a price of 50 cents per share ($500);
1,250 common shares at a price of 40 cents per share ($500);
1,125 common share purchase warrants, with each warrant entitling the holder thereof to acquire one additional common share of Visible Gold at a price of 60 cents or a period of two years.
 
Desjardins Securities Inc. acted as the agent for the initial public offering. At closing, Visible Gold granted warrants to Desjardins Securities Inc., entitling it to acquire up to 859,950 additional common shares at a price of 50 cents per share for a period of two years.

The net proceeds from the initial public offering of units will be used by Visible Gold for exploration work on its Stadacona East property, future property acquisitions and for working capital and general corporate purposes. A description of the recommended exploration program for the Stadacona East property is summarized in the prospectus. A copy of the prospectus is available under Visible Gold's company profile on SEDAR.

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