New Issue: McLaren Resources plans C$5 million private placement of shares

By Laura Lutz

Washington, Dec. 7 - McLaren Resources Inc. announced a private placement of shares for up to C$5 million.

The company plans to sell up to 10 million shares at C$0.50 each.

McLaren is a Toronto-based oil exploration company.

Issuer:	McLaren Resources Inc.
Issue:	Shares
Amount:	C$5 million
Shares:	10 million
Price:	C$0.50
Warrants:	No
Pricing date:	Dec. 7
Stock symbol:	OTC Toronto: MCLN

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