Marifil Mines completes $103K private placement

Photo of author

By CPE News

Vancouver (pcJ News Briefs) – Marifil Mines Limited (TSX-V: MFM) has completed previously announced private placement of 10,300,000 units at $0.01 per unit for gross proceeds of $103,000.

Each unit consists of one common share and one common share purchase warrant exercisable at a price of $0.05 per share for the first 24 months from the date of issuance and $0.10 for the next 36 months.

Proceeds from the placement will be used for audit, legal, property maintenance, and general working capital.

Marifil Mines Limited is a Canadian-based exploration company that operates through a joint venture model in Argentina.

photo credit: Marifil Mines