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Adventure Gold Increases Private Placement Offering

  //business-finance.news-articles.net/content/200 .. e-gold-increases-private-placement-offering.html
  Published in Business and Finance on Thursday, December 10th 2009 at 13:27 GMT by Market Wire
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MONTREAL, QUEBEC--(Marketwire - Dec. 10, 2009) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") announces that it has increased its previously annouced non-brokered private placement offering (the "Offering") by an additional $150,000, or 1,153,846 units (the "Units"), for total gross proceeds of $900,000 (6,923,077 Units). Please see Adventure Gold's press release dated December 4th, 2009 for the terms of the Offering.

The funds raised pursuant to the Offering will be used to finance exploration and for general working capital purposes. Closing is expected to occur next week. The Offering remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period from the closing date.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.