Marifil Mines Limited Announces Closing of Non-Brokered Private Placement

Marifil Mines Limited Announces Closing of Non-Brokered Private Placement

ID: 351890

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/12/14 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ("Marifil" or "the Company") is pleased to report that it has completed and closed its previously announced private placement consisting of 6,600,000 units (the "Units") at $0.02 per Unit for gross proceeds of $132,000 subject to final Exchange approval, effective October 31, 2014. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at $0.05 per share for 24 months and at $0.10 per share for 36 months thereafter. All of the securities issued will be subject to a statutory hold period expiring on March 1, 2015.

The proceeds from the private placement will be used for audit, legal, property maintenance, general working capital and due diligence costs related to pending asset sales and/or joint ventures.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR () or at Marifil's Website (http://www.marifilmines.com.)

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

WE SEEK SAFE HARBOR.

General Disclaimer

Marifil Mines Ltd. "Marifil", has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.





Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."



Contacts:
Head Office:
John Hite
President
702.562.4880



Investor Relations:
Hugh Oswald
604.838.2855

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Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: Marketwired
Datum: 12.11.2014 - 14:30 Uhr
Sprache: Deutsch
News-ID 351890
Anzahl Zeichen: 0

contact information:
Town:

VANCOUVER, BRITISH COLUMBIA



Kategorie:

Mining & Metals



Diese Pressemitteilung wurde bisher 158 mal aufgerufen.


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"Marifil Mines Limited Announces Closing of Non-Brokered Private Placement"
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