PUGET VENTURES INC. AMENDS PRIVATE PLACEMENT
April 1, 2008
Vancouver, British Columbia April 1, 2008 Puget Ventures Inc. (the "Company") (TSX-Venture:PVS.P) announced today that it has amended a brokered private placement, previously announced on January 24, 2008, through an agreement with Canaccord Capital Corporation (the "Agent").
The pricing of the Units previously announced remains at $.50 per Unit. Each Unit is priced at $0.50 and consists of one common share and one-half of a common share purchase warrant, exercisable into a common share at $0.75 within an eighteen (18) month period. The Flow-Through Shares have been re-priced to $.50 per Flow-Through Share.
This financing is subject to TSX Venture Exchange approval of Puget Ventures Inc.'s Qualifying Transaction.
Proceeds of the financing will be used to fund general exploration expenditures on Puget Ventures Inc. Trout Bay property in Red Lake, Ontario and for general working capital. The Trout Bay property is a Nickel-PGE and Copper-Zinc exploration project under option from Goldcorp/Red Lake Gold Mines.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release is not for distribution to U.S. newswire services or for dissemination in the United States.
For further information contact:
Erin Airton
Director
Telephone: (604) 601-8526
Facsimile: (604) 669-3844
Email: eairton@pugetventures.com
Investor Resources
Email:
info@pugetventures.com
Phone Number:
Office: 604-688-4219
Fax: 604-608-9342 / 604-688-4215
Address:
Suite 501 - 525 Seymour Street Vancouver, BC V6B 3H7
Website:
www.PugetVentures.com
