Marifil Mines Announces Private Placement
Vancouver, British Columbia CANADA, May 21, 2008 /FSC/ - Marifil Mines Ltd. (MFM - TSX Venture, MFMLF - OTCBB_Pink_Sheets), is pleased to announce a private placement of 1,125,000 units. The units will be sold at $0.40 per unit for gross proceeds of $450,000. Each unit consists of one common share and one-half of one warrant. One full warrant will entitle the holder to acquire an additional common share at a price of $0.65 for a period of one year.
Proceeds from the placement will be used for general working capital. The private placement has been fully subscribed, and is subject to the approval of the TSX Venture Exchange.
About Marifil Mines Ltd.
Marifil Mines Ltd. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "MFM" with approximately 31.8 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 Ltd.
For Further Information Contact:
Head Office:
John Hite, President
Phone: 509.466.1505
Email: info@marifilmines.com
Website: www.marifilmines.com
Investor Relations:
Anthony Srdanovic, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 242
Toll Free: 1.866.684.4743 ext. 242
Email: anthony@ascentacapital.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Source: Marifil Mines Ltd. (MFM - TSX-V) (MFMLF - Pink Sheets) http://www.marifilmines.com
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