laramide has the $$$

Laramide raises cash to fund exploration etc..
I suppose it is probably the Canadian way of saying we are going to drill some holes.


Attention Business Editors:
Laramide Announces $10 Million Private Placement to Fund Uranium Exploration and Development

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/

TSX Venture Exchange
Trading Symbol: LAM
Shares Outstanding: 38,157,122

TORONTO, Sept. 6 /CNW/ - Laramide Resources Ltd. is pleased to announce
that it has retained Haywood Securities Inc. to act as its lead agent in
connection with a private placement offering, on a best efforts basis, of up
to 4 million units (the "Units") at a price of $2.50 per unit for gross
proceeds of up to $10 million. The private placement is subject to TSX Venture
Exchange approval. The syndicate for the offering includes Pacific
International Securities Inc. (collectively with Haywood, the "Agents").
Each Unit will consist of one common share and one-half of one common
share purchase warrant. Each whole warrant will entitle the holder to purchase
an additional common share at a price of Cdn$3.25 for a period of 24 months
following closing. The Agents have been granted an option, exercisable up to
48 hours before closing, to increase the offering by up to an additional 1.2
million Units, which, if exercised in full, would provide additional gross
proceeds of $3 million.
In consideration for their services, the Agents will receive a 6.5% cash
commission and will be issued compensation options to purchase such number of
Units equal to 8.0% of the number of Units sold under the offering. The
compensation options will be exercisable for 24 months following closing at an
exercise price set in accordance with the policies of the TSX Venture
Exchange, provided that such exercise price shall not be lower than the $2.50
Unit price of this offering.
Proceeds of the private placement, will be used to fund the exploration
and development of Laramide's Westmoreland project in Australia, acquisition
payments for the purchase of the western United States uranium portfolio of
Homestake Mining Company and La Jara Mesa Mining Company (both wholly-owned
subsidiaries of Barrick Gold Corporation), and for working capital and general
corporate purposes.

These securities have not been and will not be registered under the
United States Securities Act of 1933, as amended, or the securities laws of
any state and may not be offered or sold in the United States or to US persons
(as defined in Regulation S of the US Securities Act) absent registration or
unless an exemption from the registration requirements is available. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful.

Laramide Resources Ltd. is a Toronto-based resource company specializing
in the acquisition and development of mining projects globally. Laramide has a
diverse portfolio of assets - all of which are leveraged to improving
commodity fundamentals. At present, the Company's key projects are located in
Australia, United States and Canada, with lesser interests and investments in
Argentina, China, and Mexico.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Corporation. These risks and
uncertainties could cause actual results and the Corporation's plans and
objectives to differ materially from those expressed in the forward-looking
information. Actual results and future events could differ materially from
those anticipated in such information. These and all subsequent written and
oral forward-looking information are based on estimates and opinions of
management on the dates they are made and expressly qualified in their
entirety by this notice. The Corporation assumes no obligation to update
forward-looking information should circumstances or management's estimates or
opinions change.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00003540E

http://www.newswire.ca/en/releases/archive/September2005/06/c6215.html

For further information: Marc C. Henderson, President, Tel:
(416) 599-7363 Or visit our web site at www.Laramide.com