Mesa Exploration Closes Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 16, 2013) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) (the "Company") has closed a non-brokered private placement (the "Offering") announced June 24, 2013.
The private placement resulted in the issuance of up to 1,375,000 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $110,000. 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 $0.15 per Warrant Share. The warrants will expire 36 months from the date of issue. The securities issued under the Offering are subject to a four month hold period under applicable Canadian securities laws. The Company retracts a previously gazetted placement of a 1,875,000 unit offering at identical terms.
Proceeds from the Offering will be used to advance Mesa's exploration projects and for general working capital.
About Mesa Exploration Corp.
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14.8 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
Foster Wilson, President and CEO
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.