Messina Minerals Inc announced that it has closed its previously announced private placement by the issuance of 1,403,333 flows through shares at a price of USD 0.15 per share for gross proceeds to the Company of USD 210,500. Proceeds received from the private placement are intended to be used to continue exploration work on the Company properties in central Newfoundland.
All securities issued pursuant to this private placement are subject to a four month hold period that expires on February 14th 2010.
Mr Peter Tallman president of Messina Minerals said that "The proceeds of this placement will allow us to immediately proceed with drill testing targets. Permits are in place to allow us to begin drilling at the Haven Steady copper, zinc property during 2009. The planned work program should begin shortly."
