VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Sierra Madre Developments Inc. (the "Company") (TSX VENTURE: SMG) wishes to announce it intends to undertake a private placement to raise up to $2,250,000, through the distribution of up to 30,000,000 units ("Units") at $0.075 per Unit.Each Unit will consist of one common share and one-half of one common share purchase warrant; and each whole warrant will entitle the holder to acquire one additional common share of
