News Column

Saturn Minerals Announces Private Placement, Grants Options

September 2, 2014



ENP Newswire - 02 September 2014

Release date- 29082014 - Vancouver - Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) announces that it will undertake a non-brokered Private Placement of up to 2,500,000 units at a price of $0.20 per Unit.

Each Unit consists of one common share and one-half of a share purchase warrant.

Each whole Warrant will entitle the holder to purchase one additional common share, exercisable at a price of $0.25 per share for a period of 18 months from the date of issue of the Warrant.

The Warrants are subject to an accelerated expiry if, at any time after an initial 4 month hold period expires, the closing price of Saturn's common shares on the TSX Venture Exchange (the 'TSXV') exceeds $0.35 for any 20 consecutive trading days, in which event the holder will be given notice that the Warrants will expire 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the Warrants.

All securities issued will be subject to a four-month hold period and the approval of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Finder's fees to third parties may be payable in accordance with the policies of the TSXV. Proceeds from the Private Placement will be applied to general working capital.

The Company has granted 250,000 incentive stock options to EMD Financial Inc. ('EMD') to acquire up to 250,000 common shares in the capital stock of the Company at an exercise price of $0.20 per share for a period of five (5) years.

Contact:

Saturn Minerals Inc.

Suite 312 - 744 West Hastings Street

Vancouver, BC V6C 1A5

Canada

Tel: +1 (604) 685-6989

Fax: +1 (604) 685-6961


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Source: ENP Newswire


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