MBMI Resources Inc.MBMI Resources Inc.
MBMI Resources Inc.
NewsNews Releases

Show printable version of 'MBMI Announces Closing of Final Tranche of Private...' in a New Window
 September 17, 2012
MBMI Announces Closing of Final Tranche of Private Placement

 Richmond Hill, Ontario, September 17, 2012 -- MBMI RESOURCES INC. (the "Company") (TSX-V: MBR) is pleased to announce that it closed the second and final tranche (the "Second Tranche") of the private placement previously announced in its press releases of July 31, 2012 and August 20, 2012. Before this second closing, proceeds of $610,000 had already been raised in this financing. The Second Tranche raised $90,000 in proceeds from the sale of 1,800,000 Units. As a result, the private placement raised a total of $700,000. With the close of the private placement, the Company now has 36,264,968 Common Shares issued and outstanding.

All securities issued in connection with the Second Tranche will be subject to a four-month hold period expiring January 17, 2013. The Company has received conditional approval of the private placement from the TSX Venture Exchange. The private placement is subject to final approval by the TSX Venture Exchange.


For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact John Wong, President and CEO by telephone at 905-886-3888 or by email at mbmi@mail.com.

Cautionary Statement:

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

You can view the Next News Releases item: Fri Sep 21, 2012, MBMI Links with New Partner in Philippines to Develop Palawan Properties

You can view the Previous News Releases item: Fri Sep 7, 2012, MBMI Announces Closing of First Tranche of Private Placement

You can return to the main News Releases page, or press the Back button on your browser.

Adnet Communications Inc.