The Kena project, located in British Columbia, is an advanced stage project with a NI 43-101 Compliant Mineral Resource Estimate filed in 2004. Total Measured and Indicated Resources totaled 541,000 contained ounces of gold and Inferred resources totaled 557,000 ounces of gold.

 

Covering 7,609 hectacres and with over 8,000 meters of strike length, Kena is a large bulk tonnage deposit that is close to surface with tremendous potential for size. Altair optioned Kena from Sultan Minerals on December 30, 2011 and can earn up to a 75% interest in the project.

 

Altair’s other project is a highly prospective gold project in Northwestern Ontario. The Lobstick Property comprises 32 claim units for a total of 512 hectares and covers approximately 2,500 metres strike length on a gold-bearing shear zone.

 

 

Latest News Release

Altair 12,016,142-share private placement

2012-04-09 17:53 PT - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Altair Ventures Inc. announced Jan. 16, 2012:

 

Number of shares:  12,016,142 shares

 

Purchase price:  22 cents per share

 

Warrants:  6,008,071 share purchase warrants to purchase 6,008,071 shares

 

Warrant exercise price:  33 cents for a one-year period; the warrants are subject to an accelerated exercise provision in the event the company shares trade greater than 45 cents per share for more than 20 consecutive trading days

 

Placees:  75

 

Insider:  Platoro Resources Corp. (Robert A. Archer) 500,000

 

Pro group:  Canaccord Genuity Corp. (Dax Naples) 12,000

 

Finders' fees:  Jordan Capital Markets will receive $20,640.19 and 93,819 finder's warrants that are exercisable into common shares at 33 cents per share for a one-year period. Leede Financial Markets Inc. will receive $8,885.80 and 40,390 finder's warrants that are exercisable into common shares at 33 cents per share for a one-year period. Canaccord Genuity Corp. will receive $38,269.00 and 173,950 finder's warrants that are exercisable into common shares at 33 cents per share for a one-year period. Macquarie Private Wealth Inc. will receive $1,540 and 7,000 finder's warrants that are exercisable into common shares at 33 cents per share for a one-year period. C&D Finanz AG will receive $4,620 and 21,000 finder's warrants that are exercisable into common shares at 33 cents per share for a one-year period.

 


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