Messina Minerals Inc. Closes Private Placement
September 24 2010 - 4:48PM
Marketwired
Messina Minerals Inc. (TSX VENTURE: MMI) (the "Company") is pleased
to announce that it has closed its previously announced private
placement by the issuance today of 1,250,000 units at a price of
$0.10 per unit for gross proceeds to the Company of $125,000. Each
unit consists of one common share and one common share purchase
warrant. Each warrant, expiring on September 24, 2012, will entitle
the holder to subscribe for one additional common share of the
Company at a price of $0.12. Proceeds received from the private
placement are intended to be used to continue exploration work on
the Company's properties in central Newfoundland and for general
corporate purposes.
All securities issued pursuant to this private placement are
subject to a four month hold period that expires on January 25,
2011.
The Company also announces that Kerry Sparkes has resigned as
Vice President, Exploration of the Company. Mr. Sparkes will
continue to provide Messina with geological consulting services as
required.
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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