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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2011) - THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX VENTURE:MAC.H) is pleased to announce that, further to its news release of March 1, 2011, the Company has completed the acquisition of the exclusive option to acquire the Copper Flat property (the "Acquisition"), completed the $10.2 million financing with Tulla Resources Group Pty Ltd. (the "Concurrent Financing"), and issued shares and warrant upon deemed exercise of 5,582,556 previously issued subscription receipts (the "Subscription Receipt Units"). The Acquisition, Concurrent Financing and the issuance of the Subscription Receipt Units were closed in escrow on March 4, 2011 until the Company receives final TSX Venture Exchange and graduates to Tier 2 of the TSX Venture Exchange. |
