News Releases

 

Vancouver -- Thursday, January 22, 2009 -- Saturn Minerals Inc. -- SMI: TSX.V ("Saturn" or the "Company"), announces that further to the Company's news release dated December 19, 2008, Saturn has closed the non-brokered private placement (the "Financing") with Loeb Aron & Company ("Loeb Aron"). The private placement consists of the issuance of 1,000,000 units at $0.05 per unit. Each unit consists of one common share and one non-transferable share purchase warrant ("warrant").  Each warrant will entitle the holder to purchase one additional common share of Saturn at a price of $0.10 per share until January 13, 2011.

 

Loeb Aron is a London based firm specializing in mining finance authorized and regulated by the FSA and a Member of the London Stock Exchange and of Plus Markets.

 

All securities issued pursuant to the Financing have a hold period expiring May 14, 2009.

The Company has also closed its non-brokered flow-through share private placement (the "Placement") announced on December 22, 2008. The Placement consists of the issuance of 2,500,000 flow-through shares of Saturn at a price of $0.10 per share. The shares issued pursuant to the Placement have a hold period expiring May 15, 2009.

For more information, please contact

 

Saturn Minerals Inc.

Stan Szary

Director

(604) 685-6989

(604) 687-1327 (FAX)

www.SaturnMinerals.com

 

 

SATURN MINERALS INC.

 

s/"Mike Elson"

 

President & Chief Executive Officer

 

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