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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.

Contact:

Tel: 1.604.685.5150

Fax: 1(604) 689-1733


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Source: ENP Newswire


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