Mantra Capital Inc. (TSX VENTURE:MTR.P) ("Mantra" or the "Company"), a capital
pool company, is pleased to announce that it is increasing the size of its
previously-announced private placement by up to an additional 1,000,000 shares,
representing additional gross proceeds of up to $50,000. The Company is
conducting the non-brokered private placement in connection with its Qualifying
Transaction, as previously announced in the Company's September 3, 2013 news
release.


Subject to approval of the TSX Venture Exchange, the private placement shall now
be comprised of up to 8,000,000 common shares at a price of $0.05 per share for
gross proceeds of up to $400,000. The Company expects up to 3,500,000 of the
shares will be issued on a flow-through basis.


Further details concerning the Qualifying Transaction, the private placement and
the Company's proposed subdivision of shares are contained in the Company's news
release of September 3, 2013 and will be disclosed in a filing statement to be
prepared by the Company and filed on SEDAR.


ON BEHALF OF THE BOARD

Raj Chowdhry, CA, Chief Executive Officer, Chief Financial Officer, Corporate
Secretary and Director


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to exchange
requirements, shareholder approval. Where applicable, the transaction cannot
close until the required shareholder approval is obtained. There can be no
assurance that the transaction will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


The TSX-V has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.


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.


This news release includes certain forward-looking statements and
forward-looking information (together, "forward-looking statements"). All
statements other than statements of historical fact included in this release,
including, without limitation, statements regarding completion of the Private
Placement (including the use of the proceeds of the Private Placement) and other
future plans and objectives of the Company. There can be no assurance that such
statements will prove to be accurate and actual results and future events may
vary from those anticipated in such statements. Important risk factors that
could cause actual results to differ materially from the Company's plans or
expectations include risks related to Exchange acceptance of the transactions
described above, regulatory changes, other risks normally associated with equity
financing and Qualifying Transactions, and risk associated with mineral
exploration, including the risk that actual results of exploration will be
different from those expected by management. The forward-looking statements in
this news release were developed based on the expectations of management,
including that Exchange acceptance for the proposed transactions will be
provided and the other risks described above will not materialize. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise, except as otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mantra Capital Inc.
Raj Chowdhry
Chief Executive Officer
604-628-1162
604-628-1163 (FAX)
info@mantracapitalinc.com
Meteorite Capital (TSXV:MTR.P)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Meteorite Capital Charts.
Meteorite Capital (TSXV:MTR.P)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Meteorite Capital Charts.