- Marifil
Mines recently closed a private placement financing
- Marifil
has hired UnityWest Capital Markets to provide marketing services
- Canada
One Communication has been engaged to provide Marifil’s investor relations
Mining exploration company Marifil Mines Ltd. (TSX.V: MFM)
(OTCQB: MFMLF) has announced closings of multiple private placement financings,
as well as the engagement of firms to provide marketing and investor relations
services to the company. The Vancouver-based company is focused on exploration
for cobalt, lithium and gold, as well as other metals, on its mining property
holdings in Argentina.
Marifil recently closed a non-brokered private placement
with proceeds of C$565,000, with funding to be used for repayment of existing
liabilities, exploration and development activities and general working capital (http://ibn.fm/T1xqR). This
followed an earlier announcement this year of a private placement with gross
proceeds of $2 million. Those financing proceeds have been used to fund
acquisitions and for mining exploration and development activities, including
another round of drilling on the company’s San Roque gold claim in the province
of Rio Negro, near the Atlantic coast of Argentina.
The San Roque property is held by Minas San Roque S.A.,
which is jointly owned by Marifil Mines (51 percent) and NovaGold Resources
Inc. (NYSE: NG) (TSX: NG), a subsidiary of NovaGold Argentina Inc. (49
percent). Marifil is currently the project operator. The partnership has so far
invested about $8 million in assessing the expansive precious and base metals
property. Preliminary results for its diamond core drilling program at the San
Roque property indicate significant mineralization in the four holes that were
tested (http://ibn.fm/B7QfT).
The company in August engaged business consulting firm UnityWest
Capital Markets Ltd. to provide marketing services for Marifil (http://ibn.fm/YPkcF). In
addition, Marifil has engaged Canada One Communication Inc. to manage the
company’s investor relations activities. Canada One is a leading investor
relations and communications provider, serving public companies across all
industries (http://ibn.fm/1alSq).
“The company is always striving to improve its
communications with shareholders and stakeholders,” Rob Abenante, president and
CEO of Marifil, stated in a news release. “Canada One gives us access to a top
tier team of communications experts to manage communications with our growing
shareholder base. Communication with our shareholders is a top priority at
Marifil.”
In addition to the San Roque property, the company currently
holds mining claims to 15,250 hectares (37,700 acres) of land in the Argentine
Puna, within the famed ‘Lithium Triangle’, where it has revived its lithium
exploration program, which was halted in 2009. The company also owns the Las
Aguilas property in central Argentina, which is currently the country’s largest
known nickel/cobalt property. Marifil Mines Ltd., based in Vancouver, Canada,
is a junior exploration company dedicated to acquiring, exploring and
evaluating mineral properties in Argentina.
For more information, visit the company’s website at www.MarifilMines.com
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