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Re: News Releases - Wednesday, October 14, 2009
Messina Minerals Inc. Announces Closing of Private Placement
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P R E S S R E L E A S E
October 14, 2009
Messina Minerals Inc. Closes Private Placement
Vancouver, BC, October 14, 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 of 1,403,333
flow-through shares at a price of $0.15 per share for gross proceeds to
the Company of $210,500. Proceeds received from the private placement
are intended to be used to continue exploration work on the Company's
properties in central Newfoundland.
All securities issued pursuant to this private placement are subject to
a four month hold period that expires on February 14, 2010.
Peter Tallman, President of Messina Minerals states: "The proceeds of
this placement will allow us to immediately proceed with drill testing
targets. Permits are in place to allow us to begin drilling at the
Haven Steady copper -- zinc property during 2009. The planned work
program should begin shortly."
About Messina
Messina Minerals Inc. is a leading explorer of
zinc-lead-copper-silver-gold massive sulphide deposits in central
Newfoundland, Canada on its extensive 410 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". See our website for more information on all
Messina's Newfoundland properties.
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 Wed Oct 14, 2009 at 4:05:27 PM 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. |