Messina closes $600,000 financing; drills at Tulks
Messina Minerals Inc MMI
Shares issued 10,017,180 Dec 5 close $0.255
Mon 8 Dec 2003 News Release
Mr. Peter Tallman reports
MESSINA COMPLETES $600,000 FINANCING, BEGINS DRILLING
Further to news reported in Stockwatch on Oct. 24, 2003, Messina Minerals
has completed a brokered private placement, with Canaccord Capital Corp. as
agent, of four million units for total gross proceeds to Messina of
$600,000. The securities issued pursuant to the brokered private placement
are subject to a hold period expiring on April 5, 2004.
The net proceeds raised from the offering will be used to finance further
exploration and diamond drilling programs on Messina's Tulks South
copper-zinc and gold property located in Newfoundland, and for general
corporate purposes.
A diamond drilling program has commenced on the Tulks South property and is
expected to be completed by Dec. 19. Petro Drilling of Springdale, Nfld.,
has been awarded the contract for a minimum 1,500 metres of drilling. The
program for December, 2003, will test the Tulks East massive sulphide
zinc-copper-gold target. For other program details, refer to the company's
Web site at www.messinaminerals.com.
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