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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2011) - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that further to the news releases of March 03 and April 25, 2011, and in accordance with the terms of the loan agreement, the Company has repaid $1,300,000 in Promissory Notes held by the lenders pursuant to the loan made July 31, 2009. The Company will therefore not proceed with the previously announced transaction whereby a portion of Promissory Notes would have been exchanged for 10% Secured Convertible Debentures. |
