VANCOUVER, April 9, 2015 /CNW/ - MARIFIL MINES LTD. (MFM:
TSX-V) (the "Company") is pleased to announce a private
placement of up to 6,000,000 units at $0.01 per unit for gross proceeds of up to
$60,000 subject to final Exchange
approval. Each unit will consist of one common share and one
warrant. Each warrant will entitle the holder to acquire an
additional common share at a price of $0.05 per share for the first 24 months from the
date of issuance and $0.10 for the
next 36 months, subject to accelerated expiry in the event the
Company's shares trade at $0.20 per
share for a period of twenty (20) consecutive trading days after
expiry of the 4-month hold period. Closing of the private placement
is anticipated to be on April 16,
2015.
All units issued pursuant to this placement will be subject to a
four month hold period from the date of issuance.
Proceeds from the placement will be used for audit, legal,
property maintenance, general working capital and due diligence
costs related to the potential limestone asset sale. The private
placement is subject to the approval of the TSX Venture
Exchange.
The Company is pleased to announce that the Board of Directors
has appointed Michael D. Sweatman as
our newest director. . Mr. Sweatman is a Chartered
Accountant with a strong mining background having worked as a miner
before becoming an accountant. Mr. Sweatman has been an
Officer and Director of a number of TSX and TSXV companies.
Michael previously worked as the Company's Chief Financial
Officer and we welcome him back.
Marifil also announces the resignation of William Schara as a Director. Mr. Schara
is resigning to pursue other interests. The Board and
Management would like to acknowledge Bill's many contributions to
the Company since our inception. We wish him well in his
future endeavors.
Neither the TSX Venture Exchange nor its Regulation
Services Provider accepts responsibility for the adequacy or
accuracy of this release.
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Forward-Looking Statements
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including but not limited to comments regarding predictions and
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Actual results may differ materially from those currently
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SOURCE Marifil Mines Limited