VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2011) - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that further to the news releases of March 03 and April 25, 2011, and in accordance with the terms of the loan agreement, the Company has repaid $1,300,000 in Promissory Notes held by the lenders pursuant to the loan made July 31, 2009. The Company will therefore not proceed with the previously announced transaction whereby a portion of Promissory Notes would have been exchanged for 10% Secured Convertible Debentures.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael T. Mason, President and CEO
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Investor Relations
604-733-4196
mbr@mbmiresources.com
www.mbmiresources.com