ENP Newswire -
Release date- 16072014 -
The securities issued in the private placement are subject to a four-month hold period expiring on
MDN will use the private placement proceeds to finance its exploration plan on the Samaqua project located south-east of niobium-tantalum Crevier project, as announced on
Company insiders subscribed for
The offering was carried on a private-placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the
No commission or finder's fees were paid.
About MDN (TSX: MDN)
President & CEO
Tel: 514 866-6500
Other than statements of historical fact, all statements in this release that address events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, including but not limited to, Such statements are not guarantees of future performance, and actual results may differ materially from those in the forward looking statements.
Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the factors mentioned in the Annual Information Form, as well as the uncertainties they represent and the risk they entail.
The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and as such, the forward-looking statements in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
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