Marifil Mines Limited Announces Closing of Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2015) - Marifil Mines Ltd. (TSX VENTURE:MFM) ("Marifil" or "the Company") is pleased to report that it has completed and closed its previously announced private placement consisting of 4,050,000 units (the "Units") at $0.015 per Unit for gross proceeds of $60,750 subject to final Exchange approval. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at $0.05 per share for 24 months and at $0.10 per share for 36 months thereafter. All of the securities issued will be subject to a statutory hold period ending on September 2, 2015.
The proceeds from the private placement will be used for audit, legal, property maintenance, general working capital and due diligence costs related to pending joint venture discussions.
On Behalf of the Board of Directors,
John Hite, President
For further information regarding Marifil Mines Ltd., 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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Contact
Head Office:
John Hite
President
702.562.4880
info@marifilmines.com
www.marifilmines.com
Investor Relations:
Hugh Oswald
604.838.2855
hoswald@marifilmines.com