Merc International Minerals Inc.
TSX VENTURE : MRK

Merc International Minerals Inc.

November 04, 2009 16:51 ET

Merc International Minerals Inc. Completes Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Merc International Minerals Inc. ("Merc" or the "Corporation") (TSX VENTURE:MRK) is pleased to announce that it has completed a non-brokered private placement offering of 7,288,648 flow-through shares ("Flow-Through Shares") at $0.43 per Flow-Through Share for gross proceeds of Cdn. $3,134,118.64.

The Flow-Through Shares issued pursuant to the private placement are subject to a hold period which expires on March 7, 2010. The private placement remains subject to the final approval of the TSX Venture Exchange.

In connection with this financing, Merc paid finders' fees of $138,937.

The gross proceeds from the Flow-Through Shares will be used for Merc's Canadian exploration program in the Northwest Territories.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Merc's future financings and exploration program. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Merc to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Merc's management discussion and analysis for the year ended July 31, 2008, available on www.sedar.com. Although Merc has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Merc does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither 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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