MDN Inc.
TSX : MDN

MDN Inc.

December 22, 2006 09:00 ET

MDN NORTHERN MINING: Flow-Through Financing of $500,000

MONTREAL, QUEBEC--(CCNMatthews - Dec. 22, 2006) - MDN NORTHERN MINING (MINIERES DU NORD) (TSX:MDN) is pleased to announce a "flow-through" financing in the amount of $500,000 at the price of $0.90 per share, for a total issuance of 555,555 shares.

The financing was completed with two limited partnerships, Northern Precious Metals 2006 and CGE Resources.

The net proceeds of this financing will be used exclusively for the exploration of MDN NORTHERN MINING's Quebec project portfolio.

MDN NORTHERN MINING is a Montreal-based Canadian exploration company that holds a 30% interest in the Tulawaka gold mine (Tanzania), a majority interest in 25 adjacent mineral licenses in Tanzania, a majority interest in one license in Eritrea, and other gold and base metal exploration interests in Quebec, Canada.

Contact Information

  • MDN NORTHERN MINING
    Paul-A. Girard
    Chairman of the Board
    514-866-6500
    or
    MDN NORTHERN MINING
    Dominique Fournier, Ph.D.
    VP Exploration
    514-866-6500
    or
    MDN NORTHERN MINING
    Dominique Moreau
    Treasurer
    514-866-6500
    info@xnord.com (FAX)
    www.xnord.com