Jalna Minerals Ltd.
NEX BOARD : JMA.H

Jalna Minerals Ltd.

January 07, 2008 19:42 ET

Jalna Minerals Ltd. Announces Close of First Stage of Financing

KELOWNA, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - Jalna Minerals Ltd. ("Jalna") (NEX:JMA.H) announces that it has completed the first tranche of a $1 million dollar non-brokered private placement announced on October 16, 2007. A total of $467,000 was raised consisting of 1,556,667 flow-through shares.

The financing consists of one common share at $0.25 per share up to a maximum of 2,000,000 shares, and one flow-through common share at $0.30 per share up to a maximum of 1,666,650 shares. Proceeds of up to C $1,000,000 will be used to finance the acquisition and development of the Nonacho Basin property previously announced on October 4, 2007.

Jalna Minerals Ltd. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of mineral properties. Headquartered in Kelowna, British Columbia, Jalna's Common Shares are listed on the NEX Exchange under the symbol "JMA.H".

ON BEHALF OF THE BOARD

Devinder Randhawa, President, Chief Executive Officer

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Contact Information

  • Jalna Minerals Ltd.
    Devinder Randhawa
    President, Chief Executive Officer
    (250) 979-7022