News ReleasesApril 20, 2004
Proposed Private Placement
Lysander Minerals, subject to regulatory approval, has proposed to issue up to 500,000 units at a price of 30 cents per unit to various purchasers via a non-brokered private placement. All of the units will comprise one Lysander common share and one share purchase warrant. Some or all of the units offered shall include flowthrough shares. Each share purchase warrant shall be exercisable for the purchase of one non-flow-through common share at a price of 30 cents per share for a period of one year from the date of closing of the placement. No finder's fees shall be payable with respect to this offering.
Proceeds of the placement of $150,000 (less regulatory filing fees) will be used for general working capital and the continuing exploration of the Company's CAT property which adjoins the Company's Lorraine-Jajay property in north-central British Columbia. The Lorraine-Jajay property is under option to Eastfield Resources Ltd. Eastfield plans a $2.5-million exploration program on the Lorraine-Jajay property commencing in June 2004.
Donald D. Sharp
Director and Chief Financial Officer
Lysander Minerals Corporation
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
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