Vancouver, British Columbia--(Newsfile Corp. - April 28, 2017) - Marifil Mines Limited (TSXV: MFM) ("Marifil" or the "Company") is pleased to announce that it has completed and closed the previously announced private placement, consisting of 10,300,000 units (the "Units") at $0.01 per unit for gross proceeds of $103,000 subject to final Exchange approval. Each unit consists of one common share of the Company and one common share purchase warrant exercisable at a price of $0.05 per share for the first 24 months from the date of issuance and $0.10 for the next 36 months. All units issued are subject to a four-month hold period ending on August 25, 2017.
Proceeds from the placement will be used for audit, legal, property maintenance, and general working capital.
On Behalf of the Board of Directors,
John Hite, President
Email: [email protected]
Email: [email protected]
For further information regarding Marifil Mines Limited, please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).
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