VIPR Industries plans C$1.2 million private placement

By Devika Patel

Knoxville, Tenn., Aug. 13 - VIPR Industries Inc. said it hopes to raise C$1.2 million in a private placement.

Proceeds will be used to fund further exploration of VIPR Industries' gold and uranium properties, including a Drilling Program at its Singida Gold Property presently scheduled for early 2009, in addition to working capital and corporate purposes.

Based in Toronto, VIPR Industries is a precious metals exploration and development company focused on gold, uranium and other high quality precious metal resources and reserves through mergers, acquisitions and resource development.

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