Cosigo Resources announces Private Placement

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Cosigo Resources arranges $500,000 private placement

Cosigo Resources Ltd. has arranged a private placement of up to $500,000. The financing will consist of units priced at five cents with a full warrant priced at six cents. Each warrant will entitle the holder to purchase an additional common share at a price of six cents for a period of 12 months from the date of closing of the private placement.

The units of this private placement will be subject to a statutory hold period of four months and one day from the closing date of the offering. The company may pay a finder’s fee on a portion of the gross proceeds of the private placement. The offering remains subject to regulatory approval.

The company intends to use the net proceeds of the offering to conduct prospecting, mapping and sampling on the company’s Taraira property and the Willow Creek property in Nevada and for working capital.

About Cosigo Resources Ltd.

Cosigo Resources is a junior exploration company trading on the TSX Venture Exchange NEX exchange (symbol CSG.H). The company is focused on exploring and developing the gold potential of its properties in the Taraira district in southeast Colombia near the border of Brazil. The company also holds a 100-per-cent interest in the Willow Creek property, located in the northern sierras of Nevada near Winnemucca and a 100-per-cent interest in the Damian property in the Cordillera region of Colombia, and it also owns 13.26 per cent of DHK Diamonds Inc., a company exploring for diamonds in the DO27 region of the Northwest Territories of Canada.