High River Gold Arranges Equity Financing With Two Strategic Investors

High River Gold Mines Ltd. (TSX: HRG) ("High River") is pleased to announce it has agreements with two strategic investors for a non-brokered private placement financing consisting of 7,000,000 units (the "Units") at a price of Cdn. $2.60 per unit for gross proceeds of Cdn. $18,200,000. Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable at a price of Cdn. $3.25 for a period of 24 months from the closing date. The warrants are subject to forced conversion effective twelve months from closing if High River's share price closes for twenty consecutive days at Cdn. $4.25 per share or above. These transactions are subject to definitive documentation, board and regulatory approval, and are expected to close by July 1, 2007.

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HIGH RIVER GOLD ARRANGES EQUITY FINANCING WITH TWO STRATEGIC INVESTORS

Sys-Con TV - June 12, 2007 (Technology)

High River Gold Mines Ltd. (TSX: HRG) ("High River") is pleased to announce it has agreements with two strategic investors for a non-brokered private placement financing consisting of 7,000,000 units (the "Units") at a price of Cdn. $2.60 per unit for gross proceeds of Cdn. $18,200,000. Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable at a price of Cdn. $3.25 for a period of ... More...

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