With $1M Private Placement, Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) Continues to Focus on San Roque Gold Exploration Project

October 5, 2018 10:49:14
  • Ten million units consisting of common shares and share purchase warrants are being offered at a price of $0.10 per unit
  • Results from San Roque gold exploration project’s latest core drilling and sampling program  found more good mineralization
  • Company plans to expand drilling program to other zones in San Roque, where important new mineralization has been discovered by trenching

Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF), a Canadian junior exploration company dedicated to acquiring resource-rich properties in Argentina, continues to focus its efforts on gold exploration activities at its San Roque property in the South American country, after positive results of the latest diamond core drilling program expanded areas of known mineralization. In its current phase of operations, the company is preparing a new surface exploration program of geologic mapping, soil and rock chip sampling, and mechanized trenching aimed at refining drilling targets for testing new and exciting zones of recently discovered mineralization.

The company recently announced a financing initiative aimed at generating a cumulative amount of $1 million. The company said that it arranged a non-brokered private placement financing of up to 10 million units at a price of $0.10 per unit. Each unit consists of one common share and…

Read More>>

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office