| ||Thu Mar 24, 2011|
Hansa Closes $270,000 Private Placement
| ||March 24, 2011 - Vancouver, Canada - Hansa Resources Ltd ("Hansa") TSXv-HRL; Frankfurt-3F2 is pleased to announce that the Company has completed its non-brokered private placement, as previously announced February 1, 2011, by issuing 3,000,000 units, at a price of $0.09 per unit, to raise CAD $270,000. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the Company for a period of two years from closing at a price of $0.10 per share. All of the securities issued are subject to a four-month hold period expiring July 16, 2011. The proceeds of this financing will be used for working capital. |
ABOUT HANSA RESOURCES LTD.
Hansa Resources Limited is a TSX-V and Frankfurt, listed Canadian mineral exploration company engaged in the acquisition, exploration and development of base and precious metal properties. Hansa Resources is committed to building shareholder value through minimizing risk and maximizing potential value of the Company's projects, utilizing Hansa's highly experienced, flexible and successful Board of Directors and Management.
On behalf of the Board,
John Nugent, President
For further information, please:
Forward Looking Statement. This news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.