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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (33124)	2/17/2007 12:13:56 PM
From: LoneClone	Respond to of 78412

Sherwood Reports C$5 Million Flow Through Financing Completed Friday February 16, 6:30 pm ET ca.us.biz.yahoo.com VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 16, 2007) - Sherwood Copper Corporation (TSX VENTURE:SWC - News) today announced that, further to its news release of February 8, 2007, it has completed the non-brokered private placement of 845,000 flow-through shares at a price of $5.90 for gross proceeds of up to $4,985,500. Proceeds from the placement will be used at the high grade Minto copper-gold project. The flow-through shares are subject to a four-month hold period which expires on June 17, 2007. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. Appointment of Corporate Secretary Sherwood Copper Corporation is also pleased to announce that it is has appointed Brenda Nowak, as Corporate Secretary. Ms. Nowak is a paralegal and has worked in the securities legal industry for the last 16 years. Brenda has held positions with DuMoulin Black LLP and Nexus Venture Capital Lawyers and also worked at Aber Diamond Corporation. Minto Project The Minto Project is a high-grade copper-gold deposit located in the Yukon Territory of Canada. The mine development is now more than 50% complete and is on target to move into production in the second quarter of 2007. Sherwood Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity - participation in an already permitted, partially constructed, high-grade, open pit copper-gold project located in Canada offering near term, low cost copper-gold production, as well as exposure to the tremendous exploration potential of the Minto property. Additional Information Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at sherwoodcopper.com. On behalf of the board of directors SHERWOOD COPPER CORPORATION Stephen P. Quin, President & CEO This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. Contact: Stephen Quin Sherwood Copper Corporation President (604) 687-7545 or 1-888-338-2200 Brad Kopp Sherwood Copper Corporation Investor Relations (604) 687-7545 or 1-888-338-2200 Kristy Reynolds Sherwood Copper Corporation Investor Relations (604) 687-7545 or 1-888-338-2200 (604) 689-5041 (FAX) Website: www.sherwoodcopper.com Source: Sherwood Copper Corporation