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Technology Stocks : SNIPER RESOURCES INITIAL PUBLIC OFFERING

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From: lightning8/3/2010 1:21:25 PM
   of 1
 
SNIPER RESOURCES FILES INITIAL PUBLIC OFFERING PROSPECTUS

Vancouver, British Columbia, July 16, 2010 -- Sniper Resources Ltd. ("Sniper" or the "Company") is pleased to announce that it has filed a final prospectus dated July 15, 2010 which has been receipted by the securities regulatory authorities in British Columbia, Alberta and Ontario, in respect of Sniper's initial public offering in those jurisdictions of a minimum of 5,400,000 common shares to a maximum of 7,200,000 common shares, at a price of $0.25 per share, to raise gross proceeds of $1,350,000 to a maximum of $1,800,000.

The offering is being conducted through Leede Financial Markets Inc. on a best efforts agency basis pursuant to an agency agreement with the Company dated June 21, 2010.

The offering is only made by prospectus. The prospectus contains important detailed information ab out the securities being offered. Copies of the prospectus may be obtained from Leede Financial Markets Inc. at the address below. Investors should read the prospectus before making an investment decision.

Leede Financial Markets Inc.
1140 West Pender Street Suite 1800
Vancouver, BC V6E 4G1 Telephone: (604) 658-3000

Sniper Resources Ltd.
Scott Baxter Chief Executive Officer

For further information, contact:
Scott Baxter Tel:(604) 263-5614, or scottbax@telus.net

For further information, please visit the Company's website: www.sniperresources.com
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