Messina Minerals Inc. Announces Private Placement
02 September 2010 - 5:35AM
Marketwired
Messina Minerals Inc. (TSX VENTURE: MMI) (the "Company") is pleased
to announce a non-brokered private placement of up to 1,500,000
units of its securities at a price of $0.10 per unit for gross
proceeds of up to $150,000. Each unit will consist of one common
share and one common share purchase warrant entitling the holder to
subscribe for one additional common share at a price of $0.12 for a
period of two years from closing.
Proceeds received from the private placement are intended to be
used for corporate purposes and to continue exploration work on the
Company's properties in central Newfoundland.
The offering is expected to close on or about September 28, 2010
and is subject to certain conditions and to the receipt of all
required regulatory approvals and consents, including the approval
of the TSX Venture Exchange. The securities of the Company issuable
pursuant to the private placement will be subject to a Canadian
hold period expiring four months and one day after the closing
date.
The securities proposed to be offered in the private placement
have not been registered under the U.S. Securities Act of 1933, as
amended, or any State securities laws, and may not be offered or
sold in the United States or to U.S. Persons absent registration or
an applicable exemption from the registration requirements.
About Messina
Messina Minerals Inc. is exploring for
zinc-lead-copper-silver-gold massive sulphide deposits in central
Newfoundland, Canada on its extensive 410 square kilometer mineral
lands, in a region known historically for its zinc-copper resources
and where the Company has made massive sulphide discoveries
including "Boomerang" and "Domino". See our website for more
information.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS OF MESSINA MINERALS INC.
Peter Tallman, President
Neither 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: Messina Minerals Inc. Peter Tallman President (604)
688-1508 (604) 601-8253 (FAX) info@messinaminerals.com
www.messinaminerals.com
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