Hana Mining Ltd.

Hana Mining Ltd.

April 04, 2007 09:04 ET

Hana Mining Closes $550,000 Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Hana Mining Ltd. (TSX VENTURE:HMG ) announces that the TSX Venture Exchange has accepted for filing the documentation with respect to the $550,000 non-brokered private placement announced on March 16, 2007.

The Company issued 5,000,000 units at a price of $0.11 per unit. Each unit is comprised of one common share and one half transferable share purchase warrant. Each whole warrant is exercisable into an additional common share for a period of twenty-four months from closing at a price of $0.17 per share. No commission was payable in relation to the private placement.

The securities issued under this private placement are subject to a four month hold period expiring August 4, 2007.

The proceeds of this private placement will be used by Hana Mining Ltd. for general working capital and to fund acquisition activities for high quality base, precious, and other mineral exploration projects.

Hana Mining is a junior mineral exploration company seeking to acquire, explore and develop highly prospective precious, base metal and other mineral exploration projects worldwide.

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

Contact Information

  • Hana Mining Ltd.
    Marek J. Kreczmer
    (416) 367-6876
    Hana Mining Ltd.
    Erik H. Martin
    (416) 367-6876