WildcatExploration Ltd. said July 15 that it intends to complete a privateplacement for gross proceeds of up to C$1.7 million, with a minimum grossproceeds of up to C$1.1 million.

The financing is expected to consist of a maximum of 30million units and a minimum of 20 million units.

Each unit is comprised of 1 common share and a sharepurchase warrant, priced at 5.5 cents apiece. Each share purchase warrant isexercisable to acquire an additional Wildcat share at 5.5 cents for a 24-monthperiod.

The company plans to put net proceeds toward the explorationof its recentlyoptioned Humboldt salt marsh playa lithium project in Dixie Valley,Nev., and for general working capital.

Wildcat Exploration optioned 348 mineral claims, which formthe Humboldt project, from NevadaEnergy Metals Inc.