Friday January 12, 10:08 am Eastern Time
Press Release
Minefinders Announces Closing Of Private Placement
VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 12, 2001--Minefinders Corporation Ltd. (OTCBB:MNEFF - news; TSE:MFL. - news) is pleased to announce that it has raised CDN$ 1,477,180 in a recently closed private placement.
The financing consisted of the issuance of 1,599,643 units, each unit comprising one common share and one non-transferable share purchase warrant. Each warrant is exercisable to purchase an additional share of the Company for a period of two years.
Subscribers to the private placement include Echo Bay Mines Ltd., the Prudent Bear Fund, Capitalpro International Inc., and Clyde Resources Ltd.
Fees in the aggregate amount of 50,000 common shares and US$20,000 were paid.
The proceeds of the private placement will be used for general working capital.
On Behalf of the Board of Directors MINEFINDERS CORPORATION LTD. Mark H. Bailey, President and Chief Executive Officer
Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the Ontario Securities Commission and the U. S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.
--------------------------------------------------------------------------------
Contact:
Minefinders Corporation Ltd.
Mark H. Bailey, 604/687-6263
Website: www.minefinders.com
Email: mfllaney@aol.com
Email this story - Most-emailed articles - Most-viewed articles |
