Article: Proposed Corporate Reorganization - Private Placement of DOT Resources Ltd.

CALGARY, Canada, July 12 /PRNewswire/ -- Further to Alhambra Resources Ltd. ("Alhambra"or the "Corporation") news release dated June 20 and July 4, 2007, relating to a proposed reorganization by way of an arrangement under the Business Corporations Act (Alberta) (the "Arrangement") involving Alhambra, its shareholders and a newly incorporated corporation, DOT Resources Ltd. ("DOT"), Alhambra is pleased to announce that as part of and concurrently with the conclusion of the Arrangement,DOT intends to complete a private placement ("Private Placement") of up to 10,000,000 DOT units ("Units") at a purchase price of CDN$0.20 per DOT Unit for aggregate gross proceeds of up ...

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