Marifil Mines Completes Private Placement

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[{"type":"text","content":"Marifil Mines Completes Private Placement\n\n\n\nMarifil Mines Completes Private Placement \n\nSpokane, WA US, June 05, 2008 /FSC/ - Marifil Mines Ltd. (MFM - TSX Venture, MFMLF - OTCBB_Pink_Sheets), is pleased to announce that it has closed the private placement announced May 21, 2008.  A total of 1,000,000 Units at a price of $0.40 per Unit were issued for gross proceeds of $400,000.  Each Unit consists of one common share and one-half of one warrant.  Each whole warrant entitles the holder thereof to purchase one common share at a purchase price of $0.65 for a period of one year from June 4, 2008. The securities issued pursuant to this private placement are subject to a hold period that expires October 5, 2008.\n\nProceeds of the private placement will be used for general working capital.  The completion of this private placement is subject to regulatory approval.\n\nAbout Marifil Mines Ltd.\n\nMarifil Mines Ltd. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol \"MFM\" with approximately 35.5 million shares issued and outstanding. Marifil operates under a Joint Venture Model whereby the company acquires properties, adds value by geologic mapping, trenching, geophysics, and/or drilling and then seeks qualified partners to earn their interest by advancing the property to production. Castillian is earning an interest in the Las Aguilas nickel-copper-PGM project in Argentina from Marifil Mines.\n\nFor further information on the company and its projects, please refer to Marifil's website (www.marifilmines.com). \n\nFor Further Information Contact:\n\nHead Office:\n\nJohn Hite, President \nPhone: 509.466.1505 \nEmail: [email protected] \nWebsite: www.marifilmines.com\n   \nInvestor Relations:\nAnthony Srdanovic, Ascenta Capital Partners Inc.\nPhone: 604.684.4743 ext. 242\nToll Free: 1.866.684.4743 ext. 242\nEmail: [email protected] \n\n\nGeneral Disclaimer\n\nMarifil Mines Ltd. \"Marifil\", has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or m...

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