Meridian Mining Updates Terms of Private Placement
Meridian Mining Updates Terms of Private Placement
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IN THE UNITED STATES/
AMSTERDAM, The Netherlands, April 28, 2017 /CNW/ - Meridian Mining S.E. (TSX V: MNO) ("Meridian"
or the "Company"), today announced that further to its press release dated February 10, 2017, in which it
announced a private placement offering (the "Private Placement") of units (the "Units") of the Compan y,
Meridian has amended the price per unit from C$0.70 to C$0.40 per unit such that the offering is now up
to 11,250,000 Units for aggregate gross proceeds of up to C$4,500,000. Each Unit will be comprised of
one common share of the Company (a "Share") and one common share purchase warrant (each whole
warrant a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the
Company at an exercise price of $0.65 for 24 months from the date of issuance. The offering is expected
to close in early May 2017. The Company has also agreed with Paradigm Capital Inc. ("Paradigm") to
complete the Private Placement as a non-brokered placement.
The net proceeds from the Private Placement will be used alongside cash flow being generated by the
Company's Jaburi manganese project (formally BMC) a nd existing credit facilities to fund exploration and
development activities both there and at the recently acquired Bom Futuro tin project in northwestern
Brazil. Certain proceeds may also be used for general corporate purposes.
The Company has agreed to pay commissions on the sa le of certain Units in accordance with the policies
of the TSX Venture Exchange. The Company has agree d to pay Paradigm a finder's fee equal to 6% of
the aggregate gross proceeds from the Units sold to purchasers introduced by Paradigm as well as that
number of compensation options (the "Compensation O ptions") equal to 6% of the number of Units
acquired by such purchasers. Each Compensation Opti on will be exercisable for one common share of
the Company for 24 months at the Issue Price.
The Units will be offered for sale in all the provinces of Canada to qualified purchasers, and in such other
jurisdictions as may be determined by the Company. This Private Placement is subject to certain
conditions including regulatory approvals and specifically, the approval of the TSX Venture Exchange.
On behalf of the Board of Directors of
Meridian Mining S.E.
"Anthony Julien"
Anthony Julien
President, CEO and Director
ABOUT MERIDIAN
Meridian Mining S.E. is focused on the acquisition, exploration, development and mining activities in
Brazil. The Company is currently focused on exploring and developing the Jaburi manganese and gold
projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. The Company employs
a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-
commodity regional exploration program. Meridian is currently producing high grade manganese at its
project located at Espigão de Oeste.
Further information can be found at www.meridianmining.co .
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information or forward-looking statements
for the purposes of applicable securities laws. These statements include, among others, statements with
respect to the Company's plans for exploration and development of its properties and potential
mineralization. These statements address future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors, which may cause the actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed
or implied by the statements. Such risk factors inc lude, among others, failure to obtain regulatory
approvals, failure to complete anticipated transactions, the timing and success of future exploration and
development activities, exploration and development risks, title matters, inability to obtain any required
third party consents, operating hazards, metal prices, political and economic factors, competitive factors,
general economic conditions, relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices and one-time events. In making the
forward-looking statements, the Company has applied several material assumptions including, but not
limited to, the assumptions that: (1) the proposed exploration and development of mineral projects wil l
proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3)
any additional financing needed will be available on reasonable terms. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by applicable securities legislat ion.
The Company cautions that it has not completed any feasibility studies on any of its mineral properties,
and no mineral reserve estimate has been established. In particular, because the Company's production
decision relating to Jaburi's manganese project is not based upon a feasibility study of mineral reserves,
the economic and technical viability of the Jaburi manganese project has not been established.
The TSX Venture Exchange has in no way passed upon the merits of the proposed Private Placement
and has neither approved nor disapproved the conten ts of this news release. 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.
SOURCE Meridian Mining S.E.
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For further information: Nick Hurst, 416-586-1942, [email protected]
CO: Meridian Mining S.E.
CNW 07:00e 28-APR-17