Paget Minerals closes $3.4 million private placement

On January 10, 2011, Paget Minerals Corp. (TSX-V: PGS) announced that it had completed its previously announced brokered private placement for aggregate gross proceeds of $3,402,000, through the sale of 3,848,000 flow-through units and 12,200,000 non-flow-through units.

RBC Capital Markets acted as the sole agent in connection with the offering.

Paget Minerals is a British Columbia company focused on mineral exploration and the development of a diverse range of precious metal, base metal and rare earth element projects in British Columbia and Colombia.

RBC Capital Markets was advised in this transaction by Fasken Martineau with a team that included Blair Horn, Mark Hawkins and Samuel Li (corporate/securities) and Frank Schober (tax).