Senator Minerals Inc ~ News Releases in 2009

TSX-V: SNR
Frankfurt: T1K

Senator Minerals Inc is a TSX-Venture-listed junior exploration company with a diverse portfolio of property interests in North America. 

Senator controls:
+ a 100% interest in the large Taurus copper-moly-gold deposit in southeastern Alaska;
+ a 50% interest in a bentonite prospect near Midas, NV;
+ two 100% owned gold prospects in the Cortez Hills area, NV;
+ option to earn 100% of the Mekinac rare earths/uranium and Cu-Mo targets, Quebec;
+ 43,026 hectares of coal prospecting permits in Saskatchewan
+ 1% NSR on the Rosebud gold prospect in northwestern Arizona
+ 1% NSR's on both the Okey and Key high grade copper prospects in northeastern BC. 

 2009-05  2 Nov 09  "Warrants re-priced and term extended"

Senator Minerals Inc (“Senator” or “the Company”) reports that the TSX-Venture Exchange (“TSX-V”) has consented to an extension in the expiry date and a reduction in the exercise price of 6,000,000 warrants on the following basis: 

Number of Warrants:                                      6,000,000
Original Exercise Price of Warrants:              $0.24
New Exercise Price of Warrants:                   $0.15
Original expiry date:                                        2 November 2009
New expiry date:                                             2 November 2010 

Forced Exercise Provision: If the closing price for the Company’s shares is $0.19 or greater for a period of 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants.  If the warrants are not exercised by this deadline, they will expire on the 31st day.

These warrants were issued pursuant to a private placement of 6,000,000 shares with 6,000,000 warrants attached, which was accepted for filing by the TSX-V effective 2 November 2007.

2009-04  21 Jul 09  "Private Placement Closed"

Senator Minerals Inc (“Senator” or “the Company”) reports that it has closed its over-subscribed private placement in the amount of $330,000, generated from the sale of 11,000,000 units, each unit priced at three cents ($0.03) and comprising one common share and one half non-transferable warrant, with a full warrant entitling the holder to purchase one common share at ten cents ($0.10) for a period of one year from today’s date.  Common shares from this private placement are subject to a hold period of four months and one day, therefore becoming free-trading on 22 November 2009. 

The TSX-Venture Exchange has accepted for filing the documentation with respect to this non-brokered private placement.  Insider (Y) and Pro Group (P) participation was as follows:
            Name                                                  # of common shares
            Andrew Statham             P                              150,000
            Dean Duke                      P                              100,000
            Donald Simon                 Y                              750,000
            Jeffrey Scouten               Y                              150,000
            Lana Simon                    Y                              890,000
            Roger Kidlark                  Y                              100,000

2009-03   8 Jun 09 "Update of Nevada Property InterestsSaskatchewan Coal Permits Acquired; Priate Placement"

Senator Minerals Inc (“Senator” or “the Company”) reports that it has now received 57 Coal Prospecting Permits totaling 43,026 hectares in the area north of Montreal Lake, Saskatchewan.

The Company also reports that it is arranging a private placement of up to 10,000,000 units, each unit priced at three cents ($0.03) and comprising one common share and one half non-transferable warrant, with a full warrant entitling the holder to purchase one common share at ten cents ($0.10) for a period of one year.

The gross proceeds from the sale of up to 10,000,000 units ($300,000) will be used for exploration, corporate administration, and working capital.

The private placement will close when final documentation is accepted for filing by the TSX-V.

2009-02   5 Jun 09 "Update on Nevada Lease Options"

Senator Minerals Inc (“Senator” or “the Company”) reports that, in order to focus its exploration activities, it has notified the non-arms-length owner of the Wildhorse-Dome and Rimrock-Ivanhoe Creek properties in the Northern Nevada Rifts area that it is not planning to renew its lease option interests.

2009-01   27 Mar 09 "Update of Nevada Property Interests"

Senator Minerals Inc (“Senator” or “the Company”) reports that it has allowed its lease option on the West Silver Cloud property, Nevada, to lapse.  In addition, it has reduced the percentage of its lease option on the Dome and Wild Horse properties, Nevada, from 100% to 51%.