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19 August 2011

Non-brokered private placement

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Non-brokered private placement

Matamec Explorations Inc. has obtained its conditional acceptation by the TSX Venture Exchange, for the realisation of a private flow-through financing, of up to $250 000.00 by at most 10 shareholders. In virtue of this financing, a maximum of 1 250 000 common flow through shares and 312 500 commons shares can be issued at a price of $0.16 and 156 250 purchase warrant providing the right to subscribe to a common share at a price of $0.22 per share within the next 18 months. The closing date will be on August 11, 2003. The proceeds of this flow-through placement will be used to finance part of the exploration program on the JR and Sipanikaw Sectors of the Sakami Property (James-Bay), 100% owned by Matamec.
The TSX Venture does not accept responsibility for the adequacy or accuracy of this news release.