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Re: News Releases - Monday, June 08, 2009
Messina Announces Closing of Private Placement
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P R E S S R E L E A S E
June 8, 2009
Messina Minerals Inc. Closes Private Placement
Vancouver, BC, June 8, 2009 - Messina Minerals Inc. (TSX-V:MMI) (the
"Company") is pleased to announce that it has closed its previously
announced private placement by the issuance today of 2,500,000 units at
a price of $0.10 per unit for gross proceeds to the Company of
$250,000. Each unit consists of one common share and one common share
purchase warrant. Each warrant, expiring on June 5, 2014, 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 October 6, 2009.
Peter Tallman, President of Messina Minerals states: "The proceeds of
this placement, combined with funds recently received from the
Newfoundland Mineral Incentive Assistance program, has improved
Messina's working capital position. Work programs in Newfoundland have
now begun with the objective of distinguishing drill targets and
selecting one or more for drill testing in the fall of the year."
About Messina
Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold
massive sulphide deposits in central Newfoundland, Canada on its
extensive 403 square kilometer mineral lands, in a region known
historically for its zinc resources and where the Company has made new
massive sulphide discoveries including "Boomerang" and "Domino".
Messina now has mineral resources containing in excess of 750 million
pounds of base metals plus 9 million ounces silver and 130,000 ounces
gold. See our website for more information.
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.
For further information
Please contact:
Peter Tallman
President
(604)688-1508
Fax: (604) 601-8253
Email: info@messinaminerals.com
Website: www.messinaminerals.com
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Copyright (c) 2009 MESSINA MINERALS INC. (MMI) All rights reserved.
For more information visit our website at
http://www.messinaminerals.com/ or send mailto:info@messinaminerals.com
Message sent on Mon Jun 8, 2009 at 6:57:47 AM Pacific Time
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Messina Minerals Inc.
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EXPLORATION STAGE |
CODE : MMI.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Messina Min. is a zinc and lead exploration company based in Canada. Messina Min. holds various exploration projects in Canada. Its main exploration properties are PUKASKA, LONG LAKE, HAVEN STEADY PROPERTY, COSTIGAN LAKE PROJECT, VICTORIA RIVER PROJECT, BOBBY'S POND PROJECT, HEALY BAY, TOPSAILS PROJECT, DANIELS HARBOUR, SUTHERLANDS POND, HUNGRY HILL, YORK HARBOUR, TULKS SOUTH - HURRICANE, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, JAMES BAY LOWLANDS CLAIMS and PUKASKWA in Canada. Messina Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 754 980 as of today (US$ 709 455, € 518 966). Its stock quote reached its highest recent level on December 30, 2005 at CA$ 4.13, and its lowest recent point on February 01, 2013 at CA$ 0.01. Messina Min. has 12 583 000 shares outstanding. |