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Minaean International Corp. Announces Closing of Private Placement
Minaean International Corp. Announces Closing of Private Placement
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[{"type":"text","content":"Minaean International Corp. Announces Closing of Private Placement\n\n\n\nMinaean International Corp. Announces Closing of Private Placement\n\nVancouver, British Columbia CANADA, September 26, 2008 /FSC/ - Minaean International Corp. (MIB - TSX Venture, NJA - FWB, NJA - BSE), (the \"Company\") announces that further to its news releases dated April 24, 2008 and May 9, 2008, the Company has decided not to proceed with a second tranche of the private placement at $0.275 per unit due to the current market conditions. Hence, the private placement announced on April 24, 2008 is closed. \n\nAbout Minaean\nMinaean International Corp. is an innovator of rapid, efficient building systems using cold formed steel technologies. Currently, Minaean has four systems: the 'Vesta Quik-Build' (patent under process), 'Artisan Quik-Build', 'Modular Quik-Build' and 'Artisan Composite System'. \n\nMinaean provides an all encompassing in-house design, engineering, prefabrication, supply and installation of modular buildings and light gauge steel load bearing wall panels with flooring systems capable of being assembled, delivered and installed within 7 to 10 days. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications.\n\nShares of Minaean International Corporation (parent company) is publicly traded on the TSX Venture Exchange under the symbol \"MIB\" and on the Berlin and Frankfurt Stock Exchanges under the symbol \"NJA\".\n\nFor more information please visit: www.minaean.com\n \nOn behalf of the Board of Directors\nMINAEAN INTERNATIONAL CORP.\n\n\"Peeyush Varshney\"\nPeeyush Varshney, LL.B\nDirector\n\nFor further information please contact:\n\nBob Mullins or Jason Monaco\nFirst Canadian Capital Corp.\nBank of Montreal Building\n155 Rexdale Blvd., Suite 502\nToronto, Ontario, Canada\nM9W 5Z8\n\nTelephone: 416.742.5600\nFax: 416.742.6410\nToll Free: 1.866.580.8891\n\n\nSuite 1304-925 West Georgia St., \nVancouver, BC \nCanada V6C 3L2\nPhone (604) 684-2181 Fax (604) 682-4768 \ne-mail: [email protected] \nwebsite: www.camphor.com \n\n\n\nCathedral Place, Suite 1304-925 West Georgia St.\nVancouv...