Nickel miner listed in Canada raises $2M to fund exploration
April 16th, 2010
Filed under: General News
MBMI Resources told the Canadian bourse it had raised $2 million via private placement. “The net proceeds shall be used for exploration and development of MBMI’s Philippine nickel mineral properties, and for general corporate purposes,” the miner said.
MBMI Resources said some 10 million shares priced at $0.20 per share were transferred to private investors. The shares are backed by a common share and a full common share purchase warrant.
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