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Re: News Release - Friday, November 20, 2009
Mesa Uranium Closes Private Placement with Pinetree Resource
Partnership
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November 20, 2009 -- Mesa Uranium Corp. (TSXV: MSA) ("Mesa" or the
"Company") is pleased to announce it has closed the previously
announced non brokered private placement of 1,000,000 units (the
"Units") at a price of $0.20 per Unit for gross proceeds of $200,000
with Pinetree Resource Partnership ("Pinetree"). Each Unit consists of
one common share in the capital of Mesa and one-half of one
non-transferable common share purchase warrant (a "Warrant"). Each
whole Warrant entitles Pinetree to purchase one additional common share
(a "Warrant Share") in the capital of Mesa until November 20, 2011 at a
price of $0.30 per Warrant Share. The securities issued under the
private placement are subject to a four month hold period, expiring
March 20, 2010.
Proceeds from the private placement will be used for general working
capital.
Mr. Foster Wilson, Mesa's CEO stated, "We are very pleased with the
support of Pinetree Resource Partnership as one of Mesa's largest
shareholders. Pinetree now holds 14.6% of the total issued and
outstanding common shares of Mesa. We welcome Pinetree's involvement
as we advance our exploration and development projects."
About Mesa Uranium
Mesa explores and develops mineral properties focused in the western
United States. For further information please visit our website at
www.mesauranium.com.
ON BEHALF OF THE BOARD OF
MESA URANIUM CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the likelihood of
commercial mining and possible future financings are forward-looking
statements. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include
unsuccessful exploration results, changes in metals prices, changes in
the availability of funding for mineral exploration, unanticipated
changes in key management personnel and general economic conditions.
Mining is an inherently risky business. Accordingly the actual events
may differ materially from those projected in the forward-looking
statements. For more information on the Company and the risks and
challenges of its business, investors should review the Company's
annual filings that are available at www.sedar.com
For further information call:
Susan Wilson, Corporate Communications, 604-688-7508
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.
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Copyright (c) 2009 MESA URANIUM CORP. (MSA) All rights reserved. For
more information visit our website at http://www.mesauranium.com/ or
send mailto:info@mesauranium.com
Message sent on Fri Nov 20, 2009 at 10:50:29 AM Pacific Time
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Mesa Exploration
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EXPLORATION STAGE |
CODE : MSA.V |
ISIN : CA59064J1075 |
CUSIP : 59064J107 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mesa Exploration is a uranium exploration company based in Canada. Mesa Exploration holds various exploration projects in USA. Its main exploration properties are LONE STAR UTAH, HOLBROOK, GREEN ENERGY, MOONSHINE SPRINGS and LISBON VALLEY PROJECT in USA. Mesa Exploration is listed in Canada and in United States of America. Its market capitalisation is CA$ 967 288 as of today (US$ 726 356, € 661 565). Its stock quote reached its highest recent level on February 11, 2011 at CA$ 1.49, and its lowest recent point on February 19, 2016 at CA$ 0.01. Mesa Exploration has 16 121 460 shares outstanding. |