Sniper Resources Ltd announces PP

snp_logo_v2SNIPER RESOURCES LTD.
3374 West 19th Avenue
Vancouver, British Columbia  V6S 1C2

Telephone:  (604) 263-5614

Toll Free: 1-888-737-2454

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

Sniper Announces Private Placement

 

Vancouver, British Columbia, January 16, 2013 – Sniper Resources Ltd. (“Sniper” or the “Company”) is pleased to announce that it is arranging a non-brokered private placement of up to 12,000,000 units at $0.05 per unit to raise gross proceeds of up to $600,000.  Each unit will consist of one common share of the Company and one warrant to purchase an additional common share at $0.10 per share for a period of two years.  Only qualified “accredited investors” or other qualified purchasers under applicable securities laws will be permitted to participate in the private placement.  Finder’s fees of 10%, payable in cash, may be paid to eligible persons in connection with the private placement.

The proceeds of the private placement will be used firstly, for working capital purposes and secondly, for a Phase 3 drilling program on the Weepah property depending on the amount of funds raised in the private placement.  Please refer to the Company’s previous news releases for assay results and additional details on the Weepah property.

This private placement remains subject to receipt of all necessary regulatory approvals including acceptance by the TSX Venture Exchange.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.  Any public offering of securities in the United   States must be made by means of a prospectus that contains detailed information about the Company and its management, as well as financial statements.

 

Sniper Resources Ltd.

“Scott Baxter”

Scott Baxter
Chief   Executive Officer

For further information, please contact:

Mr. Scott Baxter
Tel: (604) 263-5614

E-mail: scottbax@telus.net
Please visit the Sniper Resources Ltd. website at (www.sniperresources.com)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information.  All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the completion of a private placement, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to:  availability of capital and financing required to complete the private placement and to continue the Company’s exploration programs; general economic, market or business conditions; the actual results of current and planned exploration activities; the geology, grade and continuity of any mineral deposits; fluctuating gold prices; risks associated with property option agreements, leases, joint ventures and the ability to conclude joint venture agreements on favourable terms; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; regulatory changes and restrictions including in relation to environmental liability; timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

 

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Comments (1)

 

  1. avatar rr says:

    Just some interesting info regarding AHR Expo in Dallas which is featuring some info regarding Airtest.
    AirTest is pleased to invite you to visit us at our booth (
    #760
    ) atthe AHR Expo in Dallas January 28th to 30th. At the show wewill be introducing some new products that you may findinteresting.Even if you cannot attend, a brief description of the new productand links for more information are below.
    1. BACnet® CO2 Transmitter:
    Based on numerous customer requests we are introducing a BACnet® communicating CO2transmitter in our popular TR9294 wall mount enclosure. Thisadds to our capability to provide LonWorks® communication or dual analog outputs. This self-calibrating sensor requires nomaintenance over its operating life (est 15-20 years).
    2. Wireless CO2, Temp & Humidity:
    Retrofit of CO2sensors can be difficult and costly. At the show we will beintroducing the EE240 product family from E+E Eletronik that provides a dependable, affordable and easy toimpliment platform for wirelessly connecting sensors. Thisnew product offers point to point communication, analogoutputs or networked sensors that can be accessed usingany web browser. Commercial and industrial versionenclosures are available.
    3. Dew Point for Better Humidity Control:
    We at AirTest havebeen a champion of dew point measurement. For more informationread our white paper called”It’s the Dew Point Stupid!”. We will be showing three products specifically designed for dew point control.

    1. The EE46 surface dew point sensor is designed to work with radiant cooling systems to pre-detect condensation before itbecomes a problem.2. We will be showing a very affordable wall mounted temperature and dew pointsensor called the EE10-3 that can be used to better control humidity inside buildings. It is ideal for use with latent removal or dehumidification technologies.

    3. Instead of enthalpy control for fresh air economizers we offer a number of differenttypes of dew point controlled economizer sensors that have long life, perform better and save more energy.

    4. Ultra Low Power, Wide Range CO2 Measurement:
    We haveavailable a new technology for CO2 measurement. The COZIR is a small, ultra low power sensor that utilizes a light emitting diodeas a source of infrared energy. This product is designed as aOEM product. Key features include:

    Ability to operate on common AA or AAA consumer batteries for many years. With it’s low power draw offeringlong battery life, this sensor is ideal for use with portable or wireless products.

    A sensor that is immune to shock and will not change calibration when jarredor dropped.

    Offers a number of measurement ranges from 0-2000 ppm up to 0-100%CO2.

    A high speed version can sample up to a rate of 20 times per second.

    Options for integrated temperature & humidity measurement

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