July 14, 2005
Vancouver, BC. Orphan Boy Resources Inc. (the Company) announces that it is negotiating a non-brokered private placement of up to 875,000 Units at $0.40 per Unit, for proceeds of up to $350,000. Each Unit is comprised of One (1) Flow-Through Common Share and One-Half (1/2) of one Warrant. Two half-warrants may be tendered for the purchase of One (non-flow-through) Common Share for up to two years from the date of closing at a price of $0.75 in the first year, and $1.00 in the second year.
Several limited partnerships of the MineralFields Group of Toronto, Ontario will be subscribing for between $175,000 and $225,000 of this offering. Upon closing, the Company expects to pay a finder’s fee in cash and warrants to an arms-length third party in relation to MineralFields’ participation.
Subscriptions received are subject to Board approval, and closing is subject to regulatory approval. All securities issued will be subject to a four month hold period under Canadian securities laws. Flow-through proceeds from this offering will be used for mineral exploration activities on the Company’s properties in British Columbia, Canada.
About The Company
Orphan Boy Resources is a mineral exploration company focused on discovery and development of polymetallic, VMS and SEDEX deposits and showings in the Revelstoke region of south-eastern British Columbia, Canada. In addition to seven mineral properties, we own the fully-permitted 1,360 tonne-per-day Goldstream Custom Mineral Processing Plant. For additional information, please visit our Website at www.bethlehemmining.com, or contact Mr. Ron Coombes, President & CEO at (604) 724 2369 or David Martin-Smith at (604) 687 3521.
On Behalf of Management:
David Martin-Smith Chief Financial Officer and Director.
The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release
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