Marifil Mines Ltd.

Marifil Mines Ltd.

August 26, 2005 11:12 ET

Marifil Arranges Private Placement

SPOKANE, WASHINGTON--(CCNMatthews - Aug. 26, 2005) - MARIFIL MINES LTD. (TSX VENTURE:MFM) announces it has arranged a non-brokered private placement of 2,000,000 units at $0.15 per unit. Each unit comprises one Common Share and one-half Share Purchase Warrant, with each Share Purchase Warrant entitling the holder to acquire one Common Share at a price of $0.20 for a period of one year.

No finders' fees are payable in connection with this transaction. Proceeds from the placement will be used for general working capital.

The above is subject to regulatory approval.

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

Contact Information

  • Marifil Mines Ltd.
    John Hite
    (509) 467-5200
    Marifil Mines Ltd.
    Greg Taylor
    Investor Relations
    Toronto area (905) 337-8475