Tribute Announces Private Placement
September 02, 2003 TORONTO
Tribute Minerals Inc. ("Tribute" or the "Company") (TSXVE- TBM) is pleased to announce that it has negotiated the placement of 666,666 units (each a "Unit") priced at $0.30 per unit with each unit consisting of one (1) common share priced at $0.30 and one-half (1/2) of a share purchase warrant with each full warrant entitling the holder to acquire a further common share at $0.40 for a period of one (1) year to an arm's-length placee. IBK Capital Corp. has agreed to act as agent with respect to this placement and will receive a commission of $18,000 in cash and warrants to acquire 40,000 common shares at $0.30 per share for a period of one (1) year from closing. The proceeds from the offering will be used for working capital.
This transaction is subject to approval by the TSX Venture Exchange.
The Company currently has 31,180,243 common shares issued and outstanding.
On Behalf of the Board of Directors,
Ian A. Brodie-Brown President & C.E.O.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@tributeminerals.com
www.tributeminerals.com
The TSX Venture Exchange has neither approved nor disapproved of the contents of this
release.
