Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Hana Mining Announces $2,500,000 Non-Brokered Private Placement

Posted : Mon, 09 Nov 2009 20:25:18 GMT
Author : Hana Mining Ltd.
Category : Press Release
News Alerts by Email ( click here )
News | Home
VANCOUVER, BRITISH COLUMBIA -- 11/09/09 -- Hana Mining Ltd. (TSX VENTURE: HMG)(FRANKFURT: 4LH) has accepted a non-brokered private placement for proceeds of up to $2,500,000. The non-brokered private placement will consist of 4,545,455 units at a price of $0.55 per unit with each unit consisting of one common share and one-half of one non-transferrable common share purchase warrant. Each whole non-transferrable share purchase warrant will provide the holder thereof the right to acquire, upon exercise, one additional common share in the capital stock of the Company at a price of $1.00 per share for a period of 18 months from the date of closing. All securities issued and issuable under the non-brokered private placement are subject to a hold period expiring four months after the closing date.

The non-brokered placement is subject to acceptance by the TSX Venture Exchange.

About Hana Mining's Ghanzi Copper-Silver Project in Botswana

The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,200 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative mineralized strike length of over 20.7 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining recently released results of it's first NI 43-101 resource estimate for the Ghanzi Project (see press release dated June 1, 2009), announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), and is the current focus of the Company's drilling efforts and development focus for 2009 and 2010.

Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa's premier future copper-silver resources.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Hana Mining Ltd.
Marek Kreczmer
CEO & Chairman
(604) 676-0824
info@hanamining.com
www.hanamining.com


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark

Article : Hana Mining Announces $2,500,000 Non-Brokered Private Placement
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Mail Tribune Announces the 2009 Rougue Valley Photo Contest
Celebrate life in the Rogue Valley and share a photo that you think defines life here in beautiful Southern Oregon. The Mail Tribune is now accepting reader submissions for its Rogue Valley 2009 Photo Contest./I/P PMedford, OR (PRWEB) November 26, 2009 -- Celebrate life in the Rogue Val...

Engagient Releases Third Generation Employee Engagement Assessment Tool That Measures Key Drivers For Employee Productivity and Satisfaction
High Performance Culture Assessment™ tracks key engagement drivers by division, team, supervisor, age group, tenure, and more. Human capital is your most important resource and performance management efforts cannot reach their full potential without research-based metrics on employee e...

Global Business Information Forum is Extended at Online Information 2009
London 26 November 2009. The Global Business Information Forum at Online Information 2009 has been extended to encompass a full 3 day programme of presentations in response to the high demand for places at the inaugural forum launched at the 2008 event. The forum will once again focus on var...

A Healthy Luxury. Warmup Floor Heating Now Recommended by Asthma Foundation
Warmup in New Zealand has recently undertaken a partnership with the Asthma & Respiratory Foundation. The organisation is committed to finding new solutions for people with these conditions and have identified floor heating as one of the viable options. Warmup® Floor Heating is the fo...

ITrekNepal Introduces New Six Day Everest Trek; The Fastest Way To Reach The Gateway To Mount Everest
For Everest enthusiasts who don't have two weeks to spare to trek the route to reach Everest Base Camp, ITrekNepal introduces the ideal solution; by integrating the best features of the full Everest trek into just six days of trekking./I/P PNepal (PRWEB) November 26, 2009 -- The a href...

SteelMaster Gives Thanks This Holiday Season through Website Series
SteelMaster Buildings represents over 27 years of premium quality manufacturing, providing the highest quality steel arch buildings in the world. Throughout its years in business, SteelMaster has successfully designed buildings and structures for a variety of applications across the globe ran...

Confused.com Comments About the British Gas Open Letter
British Gas encourages customers to voice frustrations in an open letter in today's press - and promotes its EnergySmart service./I/P PCardiff (PRWEB) November 25, 2009 -- Confused.com have commented on the recent open letter by British Gas. Gareth Kloet, Head of a href= http://www.co...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.