Menika Closes $52,000 Private Placement
MENIKA MINING LTD.
#313-515 West Pender Street, Vancouver, BC, V6B 6H5 Phone: 604-681-0004 | Fax: 604-681-0014
MENIKA CLOSES $52,000 PRIVATE PLACEMENT
September 16, 2015 — Menika Mining Ltd. (MML:TSX.V) (“Menika” or the “Company”) is pleased to announce that it has closed its non-brokered private placement announced September 16, 2015.
The Company raised $52,000 through the sale of 650,000 units at a price of $0.08 per unit. Each unit will be comprised of one (1) common share and one (1) share purchase warrant. Each warrant will be exercisable at a price of $0.10 until September 14, 2020. No finder’s fees were paid. This transaction is subject to TSX Venture Exchange Approval, which is anticipated to be received on September 17, 2015.
All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day from the respective date of issuance, in accordance with the applicable securities legislation.
Proceeds from the offering will be used for general working capital and corporate purposes.
For more information, contact the Company at 604-681-0004.
On Behalf of the Board of Directors of Menika Mining Ltd.
Anita Algie Anita Algie B.Sc. Hon, President
Neither 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.