Marifil Mines Limited Announces Closing of $2,000,000 Private Placement
Proceeds from the placement will be used for acquisitions, a drilling program at San Roque and general working capital.
Pursuant to the private placement, Mr. Robert Abenante directly or indirectly acquired 2,750,000 units of the Company. As a result of the acquisition, Mr. Abenante now holds 3,850,000 common shares, representing 10.07% of the issued and outstanding common shares of the Company. Mr. Abenante would own 6,775,000 common shares representing 17.72% of the then issued and outstanding shares of the Company on a partially diluted basis, assuming the exercise of 2,850,000 share purchase warrants and 75,000 options held by Mr. Abenante and his related entities. The Company has been advised that Mr. Abenante and his related entities acquired these securities for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, private or otherwise, as circumstances or market conditions warrant.
Contact information:
Robert Abenante,
Chief Executive Officer.
Email: info@marifilmines.com
Website: www.marifilmines.com
For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).
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