Mkango Resources Closes Oversubscribed Non Brokered Private Placement, Raising C$2.3M

Mkango Resources Ltd. (TSXV:MKA) is pleased to announce that it has closed the remainder of its non-brokered private placement of units announced in its press release of February 25, 2013.

As quoted in press release:

The Corporation paid cash finders’ fees totaling C$75,471.37 and issued 431,266 finders’ warrants in
connection with the offering. Each finders’ warrant entitles the holder to acquire one Unit for C$0.175
for a period of 12 months following the closing date of the financing. Where the closing price of the
Common Shares of the Corporation on the TSX Venture Exchange equals or exceeds C$0.40 for 20
consecutive trading days following the date that is four months and one day after the date of issuance of
the finders’ warrants, the Corporation shall have the right to require conversion of the finders’ warrants
at the exercise price upon 30 days’ notice.

Click here to read full Newswire press release.