Vancouver, British Columbia, April 01, 2008 - Consolidated Spire Ventures Ltd. (the “Company”) (TSX-V: CZS) has closed a non-brokered private placement of 5,960,000 units at a price of $0.125 cents per unit for gross proceeds of $745,000. Each unit consists of one common share plus one share purchase warrant. Each full warrant can be exercised for one common share at a price of 20 cents per share in the first year and 30 cents in the second year. The private placement was oversubscribed by 960,000 units. All the common shares issued pursuant to this unit offering, including share purchase warrants and including shares issued as finders' fees, carry a legend restricting the shares from trading for a period of four months to July 31, 2008. A finder’s fee was paid in accordance with the policies of the TSX Venture Exchange.
The proceeds from this placement will be used to pay for exploration program at the Yago Gold / Silver Property in Mexico, Prospect Valley Gold Property in BC and for general working capital.
FOR INFORMATION OR INVESTOR RELATIONS
CONTACT THE COMPANY AT (604) 662-7455
WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
“Brian Buchanan”
President and Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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