Cougar arranges $750,000 private placement
Ticker Symbol: C:COU

Cougar arranges $750,000 private placement

Cougar Minerals Corp (C:COU)
Shares Issued 27,023,100
Monday October 26 2009 - News Release

Mr. Mike Elson reports

COUGAR ARRANGES FLOW-THROUGH FINANCING

Cougar Minerals Corp. has arranged a non-brokered private placement of up to five million units at 15 cents per unit to raise up to a total of $750,000. Each unit will consist of one flow-through share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable for two years at an exercise price of 15 cents in the first year and at 18 cents in the second year from the date of closing. Shares issued on the exercise of the warrants will be non flow-through shares. The company may pay finder's fees to arm's length finders equal to eight per cent of the gross proceeds raised, which may be payable in cash or shares as negotiated with each finder. The proceeds of the financing will be used for mineral exploration in Canada.

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