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MBMI RESOURCES INC. (TSX VENTURE:MBR) reported that the company has arranged a non-brokered private placement financing of 10,000,000 Units at $0.20 per Unit for gross proceeds of $2,000,000.
MBMI RESOURCES INC. (TSX VENTURE:MBR) reported that the company has arranged a non-brokered private placement financing of 10,000,000 Units at $0.20 per Unit for gross proceeds of $2,000,000.
The press release is quoted as saying:
The net proceeds shall be used for exploration and development of MBMI’s Philippine nickel mineral properties, and for general corporate purposes. MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines.
Click here to access the entire press release