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Makena Proposes Private Placement

July 8, 2014

ENP Newswire - 08 July 2014

Release date- 04072014 - Makena Resources Inc. (MKN-TSX Venture) is proposing a non-brokered private placement of up to 12 million units at $0.05 per share for gross proceeds of $600,000.

Each unit will consist of one common share and one transferable share purchase warrant exercisable at $0.05 per share for a period of five years, subject to approval of the TSX Venture Exchange ('TSX.V'). The securities issued will be subject to a four-month hold period in accordance with applicable Canadian securities law.

Proceeds of the offering are expected to be used toward general working capital. A finder's fee may be paid in accordance with TSX.V policy.


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Source: ENP Newswire

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