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Gold/Mining/Energy : Salazar Resources (SRL.V)

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From: TheSlowLane	1/30/2012 3:25:26 PM
	of 191

Salazar Announces Private Placement to Raise Up to $3 Million VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce that the Company has arranged a non-brokered private placement of up to 6,000,000 units, at a price of $0.50 per unit, to raise up to $3 million. Each unit comprises one common share and one-half of a transferable share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share of the Company for a period of two years from closing at a price of $0.65 per share. Finders' fees may be payable on all or a portion of this private placement. The proceeds of this financing will be used to fund the Company's exploration properties and for general working capital. The above private placement is subject to TSX Venture Exchange approval. ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED Fredy Salazar, President & CEO Salazar Resources Limited

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