Freyja Resources Inc. is pleased to announce that it intends to complete a private placement of up to $600,000 of units

Freyja Resources Inc.  is pleased to announce that it intends to complete a private placement of up to $600,000 of units (the "Units") at a price of $1,000 per Unit (the "Offering"). Each Unit will be comprised of $1,000 principal amount of unsecured, non-convertible debentures (the "Debentures"), which will mature thirty-six months from the date of issuance and 2,318 common shares in the capital of the Corporation. The Debentures will bear interest at a rate of 12% per annum paid quarterly in cash and an additional 6% per annum which shall be capitalized and paid on the maturity date of the Debentures.



Freyja may engage finders or agents to act as agents of Freyja in connection with the Offering, and in connection therewith may pay finders and agents a cash commission of up to 8% of the proceeds of the Offering that result from such parties efforts, subject to compliance with applicable securities laws. The finders and agents may also be granted warrants to purchase up to 8% of the number of Units sold under the Offering, with each warrant entitling the holder to purchase one Debenture at $1,000 per Debenture for a period of eighteen months from the closing of the Offering.
The net proceeds made available through the sale of the Units will be used by the Corporation to pay for the costs of the Offering, development of the Corporation's Las Cristinas mining project in Mexico and for working capital and general corporate purposes.


The Offering is subject to the approval of the TSX Venture Exchange. Pursuant to applicable securities laws, all securities issued pursuant to the Offering will be subject to a hold period of four months following the closing of the Offering.