MBMI Arranges $2,000,000 Private Placement

- April 13th, 2010

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

Click here to access MBMI RESOURCES INC.Corporate Site

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