Tumi Announces Private Placement Financing
# 1305 – 1090 West Georgia Street TSXV - TM Vancouver, BC, V6E 3V7, Canada Tel: (604) 699-0202 Fax: (604) 683-1585 Frankfurt - TUY Email: [email protected]
Pink Sheets - TUMIF www.tumiresources.com
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News Release October 15, 2010
TUMI ANNOUNCES PRIVATE PLACEMENT FINANCING Vancouver, Canada – Tumi Resources Limited (the “Company”) (TSXV-TM; Pink Sheets – TUMIF; Frankfurt - TUY). The Company announces a private placement financing of up to 6,000,000 units at $0.12 per unit. Each Unit comprises one common share and one common share purchase warrant. Each warrant will be exercisable into one additional common share for a period of two years from the date of closing of the financing at an exercise price of $0.15 in the first year and $0.20 in the second. Finder's fees may be payable on a portion of this private placement.
The net proceeds from the financing will be used to fund exploration work on the Company’s mineral properties and for general working capital.
The financing is subject to regulatory approval by the TSX Venture Exchange.
On behalf of the Board,
Company Contact: Investor Information Contact:
Mariana Bermudez at (604) 699-0202 Mining Interactive
"David Henstridge"
or email: [email protected] Nick L. Nicolaas at (604) 657-4058 David Henstridge, President & CEO website: www.tumiresources.com or email: [email protected]
Forward Looking Statements This Company Press 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.