Cougar Minerals closes $749,900 private placement
Ticker Symbol: C:COU

Cougar Minerals closes $749,900 private placement

Cougar Minerals Corp (C:COU)
Shares Issued 27,023,100
Friday December 18 2009 - News Release

Mr. Mike Elson reports

COUGAR CLOSES FLOW-THROUGH FINANCING

Further to Cougar Minerals Corp.'s news release in Stockwatch dated Oct. 26, 2009, the company has closed the private placement of 4,999,333 units at 15 cents per unit to raise gross proceeds of $749,900.

Each unit consisted of one flow-through common share, and one-half of a non-transferable share purchase warrant, each whole warrant being exercisable to acquire an additional non-flow-through common share for two years at an exercise price of 15 cents per share until Dec. 17, 2010, and thereafter at 11.8 cents per share until Dec. 17, 2011. All securities bear legends restricting any resale until after April 18, 2010.

The proceeds from the financing will be used for mineral exploration in Canada.

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