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Press
Release 2006:
Aberdeen Gould Inc. (www.aberdeengould.com) has successfully
raised and closed an $837,000 private placement financing for United
Bolero Development Corp.
United Bolero Development Corp. (www.unitedbolero.com) of
Vancouver, B.C., is a publicly listed company trading on the TSX
Venture Exchange (symbol: UNB). The company is in the exploration
and development of natural resource properties, with a core
focus on molybdenum (Mo).
The proceeds of the private placement will be used for the Bald Butte
molybdenum quarry project located in Montana, U.S.A., the Chong
molybdenum property located in Ontario, Canada, and general
working capital purposes.
The Bald Butte block model calculations from UNB’s 50 hole percussion
drill program in 2005, resulted in estimating an “Indicated
Mineral Resource” of 390,000 tons @ 0.132% Mo. The Chong property
zone is described as 20 to 40 feet wide and 1,400 feet long.
Channel samples are reported to have ranged from 0.5% to 3.0%
MoS2.
Aberdeen Gould Inc. is a Toronto, Ontario based investment bank
that provides equity and debt financing, as well as merger and acquisition
services to small and mid-market private and public companies.
It is a Registered Limited
Market Dealer with the Ontario Securities Commission.
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