Jalna Minerals Ltd.

Jalna Minerals Ltd.

September 02, 2009 18:09 ET

Jalna Minerals Ltd. Announces Financing

KELOWNA, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2009) - Jalna Minerals Ltd. ("Jalna") (NEX:JMA.H) is pleased to announce a non-brokered private placement financing of $480,000 through the issuance of 12 million shares at $0.04 per share. A finder's fee of 10% will be paid on the gross proceeds from the offering in accordance with the policies of the Exchange. The financing is subject to regulatory approval.

The Company has decided not proceed with the option to purchase the Nonacho Basin property in the Northwest Territories and continues to review and investigate other mineral exploration projects.

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".


Dev 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.
    Dev Randhawa
    President, Chief Executive Officer
    250-868-8493 (FAX)