Marifil Mines Ltd.
TSX VENTURE : MFM

Marifil Mines Ltd.

August 14, 2006 08:52 ET

CORRECTION FROM SOURCE: Marifil Non-Brokered Private Placement

Finders Fee to be Paid for a Portion of Placement

SPOKANE, WASHINGTON--(CCNMatthews - Aug. 14, 2006) -

In the press release issued on August 8, 2006 at 8:00 am ET by MARIFIL MINES LTD., the incorrect information regarding the finder's fee was distributed. The revised and corrected version follows:

MARIFIL MINES LTD. (TSX VENTURE:MFM) will be paying a 6% finder's fee for a portion of the previously announced non-brokered private placement of up to 2,000,000 units at a price of C$0.60 per unit (see Marifil release August 8, 2006.) Incorrect information regarding the finder's fee was distributed previously.

Each unit comprises one Common Share and one-half Warrant. The shares will have a four-month hold period. One full Warrant can be used to purchase a second Common Share at a price of $0.75 for a period of one year. Proceeds from the placement will be used for general working capital.

The above is subject to regulatory approval.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • MARIFIL MINES LTD.
    John Hite
    President
    (509) 467-5200
    or
    MARIFIL MINES LTD.
    Greg Taylor
    Investor Relations
    Toronto area (905) 337-8475
    gtaylor@marifilmines.com