VANCOUVER, Jan. 25 /CNW/ - Canplats Resources Corporation (CPQ-TSX:V) is pleased to announce a bought deal private placement with a syndicate of underwriters led by Canaccord Capital Corporation and including Macquarie North America Ltd., Bolder Investment Partners and National Bank Financial (collectively the "Underwriters") of 4,500,000 Units (the "Units") at a price of $2.25 per Unit for gross proceeds of $10,125,000 (the "Offering"). A Unit will consist of one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole warrant will entitle the holder to subscribe for one additional common share at a price of $3.00 for a period of 24 months from the date of closing.

As consideration to the Underwriters, Canplats has agreed to pay a commission of 6.5% of the total proceed raised upon closing and issue underwriters' warrants ("Underwriters' Warrants") equal to 7% of the Units issued pursuant to this Offering. Each Underwriters' Warrant will be exercisable to acquire one common share at $2.25 expiring 24 months after the closing date.

The Company has also granted the Underwriters an over-allotment option to increase the offering by up to 1,800,000 Units, exercisable 48 hours prior to closing.

The Company may also sell on a non-brokered private placement basis up to $1,575,000 of Units having the same terms as noted above.

The Company intends to use the net proceeds from the offering to advance the Company's mineral projects in Mexico and for general working capital purposes.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or solicitation of an offer to sell any 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 "U.S. Securities 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 U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.