Aug. 12, 2009 (Business Wire) -- SACRE-COEUR MINERALS, LTD. (the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement. Gross proceeds of CAD $2,242,319 were raised in the first tranche.

Under the terms of the private placement, the Company has issued in the first tranche 3,449,722 Units (the “Units”) at CAD $0.65 per Unit to institutional and private investors. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.85 until August 12, 2011.

The Company paid cash finders’ fees, for the first tranche, of CAD $151,939, representing 6.77% of the aggregate proceeds of the offering. The Units, in the first tranche, are subject to a 4-month hold period in Canada expiring December 13, 2009.

It is anticipated that a second tranche of this private placement will close shortly.