Elissa Resources, Ltd. (ELSRF: OTC Link) | ELISSA CLOSES $259,200 PRIVATE PLACEMENT

ELISSA CLOSES $259,200 PRIVATE PLACEMENT

Sep 07, 2011

OTC Disclosure News Service

Vancouver, BC, Canada –              ELISSA RESOURCES LTD.

                                                                                
                                                      P R E SS R E L E A S E                                                                                                                                                                                 August 20, 2010

                                      ELISSA CLOSES $259,200 PRIVATE PLACEMENT

Vancouver, British Columbia, August 20, 2010: Elissa Resources Ltd. is pleased to announce
that it has completed a non-brokered private placement. A total of 4,320,000 Units were placed
at a price of $0.06 per Unit generating gross proceeds of $259,200.
Each Unit consisted of one common share and one full share purchase warrant. Each share
purchase warrant entitles the holder to acquire one additional common share at a price of $0.10
until August 20, 2015. All of the securities issued under this placement are subject to a hold
period expiring on December 21, 2010.
Proceeds of the placement will be applied to the Company’s rare earth project in Nevada in
addition to general working capital.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ELSRF/news?id=35330

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