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Guerrero Increases Private Placement |
February 04, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2011) - Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX) announces it has increased the previously announced (January 19, 2011) private placement up to $500,000 (2,500,000 units at $0.20 per unit), subject to regulatory approval. Each unit consists of one share and one warrant entitling the holder to acquire an additional share for $0.30 for a period of 2 years from closing. Insiders will participate in the private placement up to 25%. Proceeds will be used for general working capital and exploration.
http://www.marketwire.com/mw/release.do?id=1391065&sourceType=3
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