- Marifil Mines recently closed a private placement financing
- Marifil has hired UnityWest Capital Markets to provide marketing services
- Canada One Communication has been engaged to provide Marifil’s investor relations
Mining exploration company Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) has announced closings of multiple private placement financings, as well as the engagement of firms to provide marketing and investor relations services to the company. The Vancouver-based company is focused on exploration for cobalt, lithium and gold, as well as other metals, on its mining property holdings in Argentina.
Marifil recently closed a non-brokered private placement with proceeds of C$565,000, with funding to be used for repayment of existing liabilities, exploration and development activities and general working capital (http://ibn.fm/T1xqR). This followed an earlier announcement this year of a private placement with gross proceeds of $2 million. Those financing proceeds have been used to fund acquisitions and for mining exploration and development activities, including another round of drilling on the company’s San Roque gold claim in the province of Rio Negro, near the Atlantic coast of Argentina.
The San Roque property is held by Minas San Roque S.A., which is jointly owned by Marifil Mines (51 percent) and NovaGold Resources Inc. (NYSE: NG) (TSX: NG), a subsidiary of NovaGold Argentina Inc. (49 percent). Marifil is currently the project operator. The partnership has so far invested about $8 million in assessing the expansive precious and base metals property. Preliminary results for its diamond core drilling program at the San Roque property indicate significant mineralization in the four holes that were tested (http://ibn.fm/B7QfT).
The company in August engaged business consulting firm UnityWest Capital Markets Ltd. to provide marketing services for Marifil (http://ibn.fm/YPkcF). In addition, Marifil has engaged Canada One Communication Inc. to manage the company’s investor relations activities. Canada One is a leading investor relations and communications provider, serving public companies across all industries (http://ibn.fm/1alSq).
“The company is always striving to improve its communications with shareholders and stakeholders,” Rob Abenante, president and CEO of Marifil, stated in a news release. “Canada One gives us access to a top tier team of communications experts to manage communications with our growing shareholder base. Communication with our shareholders is a top priority at Marifil.”
In addition to the San Roque property, the company currently holds mining claims to 15,250 hectares (37,700 acres) of land in the Argentine Puna, within the famed ‘Lithium Triangle’, where it has revived its lithium exploration program, which was halted in 2009. The company also owns the Las Aguilas property in central Argentina, which is currently the country’s largest known nickel/cobalt property. Marifil Mines Ltd., based in Vancouver, Canada, is a junior exploration company dedicated to acquiring, exploring and evaluating mineral properties in Argentina.
For more information, visit the company’s website at www.MarifilMines.com
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