10:08 AM EST - Contact Exploration Inc. : announced that it is carrying out a non-brokered private placement of common shares in the capital of the Company, to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada). Contact expects to issue up to 5,555,556 Flow-Through Shares in the Private Placement, at a price of $0.36 per share, for maximum aggregate gross proceeds of $2,000,000.16. Contact Exploration Inc.
shares V.CEX are trading unchanged at $0.30.
