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| Home : MBMI Closes $600,000 Loan Financing |
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Oct 26
2010 |
MBMI Closes $600,000 Loan Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that further to its October 13 news release, it has received TSX Venture approval and now closed a secured one year bridge loan for gross proceeds of $600,000. MBMI is issuing to the Bridge Loan Lenders 600,000 common shares and has paid a structuring fee of $12,000. Annual interest of 10% will be paid on the loan. |
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| Source:http://www.marketwire.com/mw/release.do?id=1340657&sourceType=3 |
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