| ||June 02, 2011|
MBMI Proposes Warrant Extension
| ||Vancouver, B.C., June 02, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX-V: MBR) announces that it proposes to amend certain common share purchase warrants in the capital of the Company, which were issued pursuant to a private placement in May and July 2009 (the "Warrants").|
Each Warrant shall remain exercisable at $0.10 per share and the term shall be extended for an additional twelve (12) months, as follows:
The application to amend the warrants is subject to its acceptance by the TSX Venture Exchange and the Company makes no assurances that the required acceptance for the extension of the term of the warrants will be accepted.
- 4,713,318 Warrants shall be amended to expire May 29, 2012; and
- 6,041,505 Warrants shall be amended to expire July 14, 2012.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and CEO
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact Investor Relations at 604-683-1991 or 1-877-399-1991 or firstname.lastname@example.org.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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