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To: Rocket Red who wrote (102117)8/28/2012 10:56:56 AM
From: Rocket Red  Read Replies (2) of 233791
 
Baja Mining completes $90-million (U.S.) financing

2012-08-28 08:50 ET - News Release
Shares issued 340,213,025
BAJ Close 2012-08-27 C$ 0.065



Mr. Tom Ogryzlo reports

BAJA MINING ANNOUNCES COMPLETION OF STAGE I FINANCING

The Korean consortium has contributed $90-million (U.S.) to Baja Mining Corp.'s subsidiary Minera y Metalurgica del Boleo SA de CV (MMB), completing stage I of the financing announced by Baja on July 26, 2012.

The Korean consortium now owns a majority interest (51 per cent) in MMB. However, the formalities required to transfer the shares and transfer control have not yet been completed.

We seek Safe Harbor.
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