Menika Mining Ltd. Announces Proposed Private Placement at $0.01 per Common Share
]l756 246tt'Street Langley, B.C. V2Z 1G4
News Release
Menika Mining Ltd. Announces Proposed Private Placement at $0.01 per Common Share
May 1,2013 - Vancouver, British Columbia. Menika Minirrg Ltd. (the "Company") (TSX-V:MML) annoLtnces private placernent common shares that it plans to conduct a non-brokered of up to 20.000,000 in the capital of the Colnpany at a price of $0.01 per share. The private placement will be conducted pursuant to the recently renewed policy of the TSX Venture Exchange (the "Exchange") allo''uving terrporary relief from tlre usual private placernent pricirrg requirernents.
and is subject to the Exchange"s approval.
If approved, the proceeds frorn the proposed placenrerrt will be used to pay or provide for, among other things, certairr accounts payable to professional advisers, service providers and consultants of the Company', sustaining arrd filing fees for tlre Exchange, corporate administrative and other anticipated costs of the Conrpany for the next six rnonths, the fees and costs of the proposed private placement, and tlte estinrated costs of holdirrg the Cornpany's next AGM.
Tlre Cornpany is also pleased to anrror-rrrce of Linda Smitlr as Director. Ms. Srnith has the appoirrtrnent over the past l5 years arrd is currently the Presiderrt beert a director of a nurnber of TSX companies of Rouse ResoLrrces Ltd. arrd a director of Lakewood Mininq Co. Ltd.
Menika Mining Ltd. is a -funior nrining resource exploration company fbcused on exploring for and mineral resources. The Company's nrineral properties developing economicalll,viable and interests are located in British Columbia. For more infomation, please visit the Comparry's website at www. rnen ikarn i n ins.conr.
ON BEIIALF OF THE BOARD OF DIRECTORS Per: & fl*E Charles Boitard President & Chief llxecutive Officer
l{either TS.Y Vcnlure Exc'hunge nrtr it.s Regululion Service,s Provider (us thul term i.s deJrned in the policie.s of'the TS,Y Venture Exc:hungc) uccepls respon,sibility,/itr the adequac.v o/'accurac)'oJ'thi,s releu,se.
huve nol heen uncl v'ill not be regi,slerecl under the Unitecl Stutes Securities Act oJ 1933, The.se ,sac'urilie.s luv'.s of'ut.v slule,ancl ntttv nol be o.//bred or soltl in the Llnitecl Slctle,s or to us umen(lad, or lhe secur"ities or bertefit of u (i.,9. person. Thi,s nev'.s releu.se does nol cortstitute an o.ffer lo sell or u or.fir lhc uc't'ourtl irt the Unitecl Stutes or lo ct Ll.S. person.
,volicitution of'crn o/Jbr lo hur- lhese sec'urilie.s
Thi,s new.s relcu,se cttn/uirt.s ./rtrv'urd-looking ,slulentenl,s lhul involve risks und ttncertaintie,s. Forv,urclancl Ttrojection.s thut looking.slcrlcntutl,y <tt'inlbrnrulion ure bu,secl on currcnl expectuliotts, e,slittrute,s
(':\lJsers\l)oreen\[)csktop\MY (April 30).docr Relief'Prilate Placcnrent releases\201-3\'l'enrp DO('l.lMIjNl'S\N,4M[-\rrols irtt,olve u numher of'ri,sks und unc'ertainlies v,hich coulcl cause uctual re,sults to tlilfer malerially fronr those unlicipuled by lhe C'ontputtl;. The.fitrw,ard-looking statenrcnl,s or infurmation contained in this nev,s releuse crre mucle u,s of lhe clute hereo/'uncl the Conrpurty cloes nol unclerluke uny obligation to upclute publicly or rer:i,se anyrtntrurcl-looking slatements or infornraliort, v,helher as u re.\ult o.f'nev, inforntatiort, ./uture events or otherv'ise, unle,r,r.ro recluired by applic'uhle,securilie.s luv,,s.
For further inforrnation, please contact:
Doreen Boitard aI 604 -5 l4-0041
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