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Athabasca Minerals Inc.

11:27 AM EST - Athabasca Minerals Inc. : Has closed, subject to final TSX Venture Exchange acceptance, a non-brokered private placement of 5,100,000 units at a price of $0.20 per Unit, for gross proceeds of $1,020,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant, with each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.35 per share for a period of two years after the closing. No commission, brokers fees or finders’ fees will be paid in conjunction with the closing of the Financing. Athabasca Minerals Inc. shares V.ABM are trading unchanged at $0.24.