|December 31, 2012|
Heatherdale Closes $3 Million Financing AND Extends Deadline for Funding Expenditure on Delta Project
|December 31, 2012, Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it has completed the previously announced $3 million private placement of a convertible debenture with Sino-Canada Natural Resources Fund I. Any common shares issued under the convertible debenture will be subject to a hold period ending four months after December 31, 2012. |
Heatherdale also announces that it has reached agreement with the holder of a 40% interest in the Delta Project to extend the deadline for the completion of Heatherdale's requirement to either fund expenditures or pay cash in the amount of $2 million under the Delta Project LLC Agreement to retain its 60% interest, by one month to February 1, 2013.
About Heatherdale Resources Ltd.
Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing its 100% owned high-grade mine development opportunity at the Niblack Project. The Company also holds a 60% interest in the mid-stage Delta copper-lead-zinc-gold-silver project. Both projects are located in Alaska. Heatherdale is associated with the Hunter Dickinson group, which has a track record of successful mineral exploration and development projects around the world.
For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at
On behalf of the Board of Directors
President and CEO
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