| | | July 04, 2011
MBMI Repays Promissory Notes
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| | Vancouver, B.C., July 04, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX-V: MBR) reports that further to the news releases of March 03 and April 25, 2011, and in accordance with the terms of the loan agreement, the Company has repaid $1,300,000 in Promissory Notes held by the lenders pursuant to the loan made July 31, 2009. The Company will therefore not proceed with the previously announced transaction whereby a portion of Promissory Notes would have been exchanged for 10% Secured Convertible Debentures.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and CEO
Further Information
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact Investor Relations at 604-733-4196 or mbr@mbmiresources.com.
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. |
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