News

April 28, 2017

Marifil Closes Private Placement for $103,000

Marifil Mines Limited (TSX-V: MFM) ("Marifil" or the "Company") has completed and closed the previously announced private placement, consisting of 10.3 million units at one cent per unit for gross proceeds of $103,000 subject to final exchange approval. Each unit consists of one common share of the company and one common share purchase warrant exercisable at a price of five cents per share for the first 24 months from the date of issuance and 10 cents for the next 36 months. All units issued are subject to a four-month hold period ending on Aug. 25, 2017.

Proceeds from the placement will be used for audit, legal, property maintenance and general working capital.

More information will be provided upon approval.

Head Office:
John Hite,
President
Phone: 702.449.1704
Email:
Website: www.marifilmines.com
Investor Relations:
Hugh Oswald
Phone: 604.838.2855
Email:

For further information regarding Marifil Mines Limited, please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).

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