Rodinia Minerals Closes First Tranche of Private Placement Financing

Rodinia Minerals Inc. (TSX VENTURE: RM)(OTCQX: RDNAF) reported that the company has completed the first tranche of its previously announced non-brokered private placement financing of common shares of the Company (See Press Release dated April 9, 2010) for gross proceeds in the amount of $1,500,000, through the issuance of 3,000,000 Common Shares at a price of $0.50 per Common Share.

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.

Click here to access the entire press release

Click here to access Rodinia Minerals Corporate Site