MBMI Closes $1,314,000 Private Placement

- April 23rd, 2010

MBMI RESOURCES INC. (TSX VENTURE:MBR) announced further to its April 12, 2010 news release, that the company has closed the non-brokered Private Placement financing and the Company has received gross proceeds of $1,314,000 in consideration of the issuance of 6,570,000 Units at a price of $0.20 per Unit.

MBMI RESOURCES INC. (TSX VENTURE:MBR) announced further to its April 12, 2010 news release, that the company has closed the non-brokered Private Placement financing and the Company has received gross proceeds of $1,314,000 in consideration of the issuance of 6,570,000 Units at a price of $0.20 per Unit.

The press release is quoted as saying:

Each Unit consists of one Common Share and one full Common Share Purchase Warrant. Each full Warrant entitles the holder to purchase one Common Share at a price of $0.30 and has an expiry period of three years. The Common Shares are subject to four month hold periods expiring in August, 2010.

Click here to access the entire press release

Click here to access MBMI RESOURCES INC. Corporate Site

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