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MBMI Appoints VP Operations & Repays Loan
Published : April 25, 2011
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Mots clés associés :   Nickel | Philippines |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2011) - MBMI RESOURCES INC. ("MBMI" or the "Company") (News - Market indicators) announces that, effective April 1, 2011, Mr. Frank Pastorino has been appointed as Vice President Operations. Mr. Pastorino has a Bachelor of Science and a Masters in Business Administration from the University of Louisville and has significant experience in progressively senior administrative and operational positions with mining projects in the former Soviet Union and the Philippines.

In addition to assisting in the resolution of matters associated with and stemming from recent licensing related issues, Mr. Pastorino's responsibilities will include oversight of strategic plans as well as the implementation of corporate initiatives focusing on the transition from small scale exploration and development towards full scale and efficient mining and processing. Further responsibilities include coordination and integration of administrative and control processes at the operational level and the provision and/or procurement of the appropriate technical expertise necessary to meet objectives as well as to assist in the training local staff to allow them to face future challenges independently.

Mr. Pastorino's appointment is subject to regulatory acceptance.

Loan Repayment

Pursuant to the terms of the loan agreement, MBMI has repaid the short-term $600,000 loan made on October 20, 2010. 

Company Profile

MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel products to primary industrial consumers in Asia. 

ON BEHALF OF THE BOARD OF DIRECTORS

Michael T. Mason, President and CEO

Further Information

For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com.

This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. The Company has not yet established commercial viability, via a feasibility study, on any estimated mineralized resources that would support a commercial mining operation or demonstrate the economic viability of any of its properties. There is no guarantee that future exploration will result in the discovery of mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.

Neither the 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.

MBMI Resources Inc.
Investor Relations
604-683-1991 or 1-877-399-1991
604-683-8544 (FAX)
mbr@mbmiresources.com
www.mbmiresources.com
Données et statistiques pour les pays mentionnés : Philippines | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Philippines | Tous

MBMI Resources Inc.

EXPLORATEUR
CODE : MBR.V
Suivi et investissement
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MBMI Res. est une société de production minière de nickel basée au Canada.

MBMI Res. est productrice de nickel, d'or en USA, et détient divers projets d'exploration au Canada et aux Philippines.

Son principal projet en production est BIG MIKE en USA et ses principaux projets en exploration sont MCMILLAN et COPPER PRINCE au Canada et ALPHA, PALAWAN et BETHLEHEM aux Philippines.

MBMI Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,2 millions CA$ (1,9 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,70 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$.

MBMI Res. possède 36 265 000 actions en circulation.

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Financements de MBMI Resources Inc.
17/09/2012Announces Closing of Final Tranche of Private Placement
07/09/2012Announces Closing of First Tranche of Private Placement
02/06/2011Proposes Warrant Extension
30/01/2010Arranges $5,000,000 Private Placement
17/07/2009Closes Final Tranche Of Private Placement
01/07/2009Increases Unit Offering And Closes First Tranche Of Private ...
26/05/2009Arranges Financings
28/01/2009Closes Final Tranche Of Private Placement
06/01/2009Closes First And Second Tranche Of Private Placement
11/12/2008Arranges $250,000 Private Placement
Attributions d'options de MBMI Resources Inc.
21/06/2011Renews Engagment With Lloyd Jacobs and Grants Options
Nominations de MBMI Resources Inc.
24/05/2011Appoints John Cook as Executive VP and Interim CFO
25/04/2011Appoints VP Operations & Repays Loan
Projets de MBMI Resources Inc.
10/02/2011Advances Exploration Drilling And Excavation Programs
19/05/2009(Alpha)Files Technical Report On Alpha Property
14/07/2008(Alpha)Announces Confirmatory Grade Control Drill Results From Alph...
09/01/2008(Alpha) REPORTS FIRST NICKEL MATERIAL SHIPMENT
Communiqués de Presse de MBMI Resources Inc.
04/02/2013Announces Favourable Philippines Court Decision
01/11/2012(Palawan)Intends to Vigorously Defend Palawan Alpha Lawsuit
22/10/2012Announces Grant of Stock Options and Resignation of Director
22/10/2012Announces Grant of Stock Options and Resignation of Director
07/10/2011Provides Corporate Update And Files Financials
02/08/2011Reports On Annual General Meeting, Board Of Directors And Ma...
01/07/2011Announces Management Changes and Office Relocation
30/06/2011Issues Update on AGM Materials Due to Postal Strike
26/05/2011Provides Operations And Corporate Update
20/04/2011s Financing and Announces Appointment of Director
19/04/2011Receives FTAA Cancellation Notice
11/04/2011(Alpha)Commences 8,000 Metre Drill Program at Alpha
22/03/2011Closes First Tranche of $3.8 Million Private Placement
04/03/2011Announces $925,000 Loan Exchange For Convertible Debenture
02/03/2011Announces $3.8 Million Private Placement
22/09/2009Closes $200,000 Loan Agreement
14/09/2009Closes $1,400,000 Loan Agreement
08/09/2009To Close $1,800,000 Loan Agreement
04/08/2009Completes $1,000,000 Loan Agreement
01/08/2009Reports On Annual General Meeting
27/07/2009Amends Convertible Debenture Financing Terms
23/06/2009Files Year-End Financials
09/06/2009Status Of Year-End Financial Statement Delay
02/06/2009Reports Delay In Filing Year-End Financials
27/02/2009Finalizes Four Nickel Material Sales Agreements
13/08/2008Executes Moa For Nickel Material Processing Technology
01/08/2008 Reports On Annual General Meeting
27/05/2008OPERATIONS UPDATE
01/04/2008UPDATES CORPORATE ACTIVITIES
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TSX-V (MBR.V)Other OTC (MBRTF)
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