Rodinia Minerals Announces Private Placement Financing

Rodinia Minerals Inc. (TSX VENTURE:RM)(OTCQX:RDNAF) reported that the company is planning to complete a non-brokered private placement financing of common shares of the Company at a price of $0.50 per Common Share for gross proceeds of up to $2,000,000.

The press release is quoted as saying:

Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

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