Jalna Minerals Ltd.

Jalna Minerals Ltd.

April 22, 2008 12:37 ET

Jalna Minerals Ltd. Announces AGM Results and Financing

KELOWNA, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - Jalna Minerals Ltd. ("Jalna" or the "Company) (NEX BOARD:JMA.H) is pleased to announce that at the adjourned annual general meeting, held on April 3, 2008, the Company's acquisition of a 100% interest in 43 claims, encompassing approximately 97,000 acres (39,381 ha) located in the District of Mackenzie, Northwest Territories of Canada known as the Nonacho Basin Property was approved by the shareholders.

The Company will proceed with the second tranche of the previously announced non-brokered private placement financing for total proceeds of up to $500,000. The financing will consist of one common share at $0.25 per share up to a maximum of 2,000,000 shares with a finder's fee of 7.5% being paid on gross proceeds from the offering in accordance with the policies of the Exchange. The financing is subject to regulatory and TSX Venture Exchange approvals.

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".


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.

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

Contact Information

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