Claude Resources Inc. completes private placement offering
Toronto Stock Exchange Trading symbol - CRJ AMEX - CGR
SASKATOON, Nov. 22 /CNW Telbec/ - Claude Resources Inc. (TSX: CRJ /AMEX: CGR) ("Claude" or the "Company") is pleased to announce that it hascompleted the non-brokered private placement offering previously announced onOctober 30, 2007. The offering consisted of a total of 3,783,784 shares,issued on a flow-through basis, at a price of Cdn $1.85 per share, for grossproceeds of Cdn $7,000,000.Net proceeds from the offering will be used primarily for expenditures onthe Company's Madsen property in Red Lake, Ontario. These expenditures will be"Canadian Exploration Expenses" which qualify as "Flow-Through MiningExpenditures" for the purposes of the Income Tax Act (Canada) and Claude willrenounce such expenses with an effective date no later than December 31, 2007.
The securities offered have not been registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or sold in theUnited States absent registration or an applicable exemption from theregistration requirements. This press release shall not constitute an offer tosell or the solicitation of an offer to buy nor shall there be any sale of thesecurities in any state in which such offer, solicitation or sale would beunlawful.
For further information
Neil McMillan, President and Chief ExecutiveOfficer, (306) 668-7505
Rick Johnson, Chief Financial Officer, (306)668-7505
Renmark Financial Communications Inc.: Neil Murray-Lyon:nmurraylyon@renmarkfinancial.com
James Buchanan:, (514) 939-3989, Fax: (514) 939-3717,
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