Minaean International Corp. Announces Closing of Private Placement
Vancouver, 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.
About Minaean
Minaean 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'.
Minaean 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.
Shares 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".
For more information please visit: www.minaean.com
On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.
"Peeyush Varshney"
Peeyush Varshney, LL.B
Director
For further information please contact:
Bob Mullins or Jason Monaco
First Canadian Capital Corp.
Bank of Montreal Building
155 Rexdale Blvd., Suite 502
Toronto, Ontario, Canada
M9W 5Z8
Telephone: 416.742.5600
Fax: 416.742.6410
Toll Free: 1.866.580.8891
Suite 1304-925 West Georgia St.,
Vancouver, BC
Canada V6C 3L2
Phone (604) 684-2181 Fax (604) 682-4768
e-mail: vcgroup@axionet.com
website: www.camphor.com
Cathedral Place, Suite 1304-925 West Georgia St.
Vancouver, BC
V6C 3L2 Canada
Phone: (604) 684-2181
Fax: (604) 682-4768
Email: investors@minaean.com
Website: www.minaean.com
(No. 2008-09-23)
Source: Minaean International Corp. (MIB - TSX-V)
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