Mesa Exploration Closes Non-brokered Private Placement
Exploration Corp. (TSX-V: MSA)(OTCPK: MSAJF)
("Mesa" or the "Company") is pleased to announce it has
closed the previously announced non brokered private placement of 360,000 units
(the "Units") at a price of $0.50 per Unit for gross proceeds of
$180,000. Each Unit consists of one common share (a "Share") in the
capital of Mesa and one non-transferable common share purchase warrant (a
"Warrant"). Each whole Warrant entitles the holder thereof to
purchase one additional common share (a "Warrant Share") in the
capital of Mesa at a price of $0.75 per Warrant Share. The Warrants will expire
24 months from the date of issue. The securities issued under the Offering are
subject to a four month hold period expiring August 21, 2012.
Proceeds from the Offering will be used to advance Mesa's exploration projects
and for general working capital.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the
United States where it controls significant land holdings. All projects are
within proven mining districts with excellent access and infrastructure. Mesa
currently has 14.8 million shares issued and outstanding, and no debt. For
further information please visit our website at www.MesaExploration.com.