Each Warrant will entitle the holder to acquire one common share of the Company at a price of $0.10 fo r
June 17, 2016 Trading Symbols: MAN: TSXV
| Vancouver, BC – Monster Mining Corp. (the "Company") | pleased to announce a private placement of |
| up to 8,000,000 units (“Units”) at a price of C$0.06 per Unit for aggregate gross proceeds of $480,000. | |
| Each Unit shall consist of one common share of the Issuer and one share purchase warrant (“Warrant”). | |
| Each Warrant will entitle the holder to acquire one common share of the Company at a price of $0.10 for | |
| a period of 12 months following the closing date of the private placement. The proceeds will be used for | |
| working capital. The financing is subject to regulatory approval. A finder’s fee may be paid on a portion | |
| of the funds raised in accordance with regulatory requirements. All securities issued pursuant to the | |
| placement will be subject to a hold period of four months and one day from the date of closing. |
About Monster Mining
Monster Mining owns the Keno Lightening Project located in the historical Keno Hill Silver District in the Yukon. Between 1921 and 1988, the Keno Hill Silver District was a world-class silver producer, with more than 217 million ounces of silver produced at average grades of 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc (Yukon Government’s Minfile database). The Company also holds the McKay Hill Project located adjacent to ATAC Resources’ Rackla Gold Project.
ON BEHALF OF THE BOARD
Signed “Stephen Pearce”
Stephen Pearce Interim President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Email: [email protected] Website: www.monstermining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.