Merc International Minerals Inc.

Merc International Minerals Inc.

November 21, 2007 12:19 ET

Merc International Announces Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - Merc International Minerals Inc. ("MIMI") (TSX VENTURE:MRK) is pleased to announce that it has agreed to raise up to $1,400,000 by way of a non-brokered private placement of Units.

MIMI will offer up to 4,000,000 Units at $0.35 per Unit. Each Unit is comprised of one common share and one half common share purchase warrant. Each whole warrant will allow the holder to purchase one common share for a period of twenty-four months for $0.50.

MIMI has agreed to pay a finder's fee of up to 8% of the total proceeds raised in the offering upon closing in units, each of these units having the same terms as the units sold pursuant to the private placement. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to continue exploration on the Borthwick Lake gold property in Ontario and for general working capital.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

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

Contact Information

  • Merc International Minerals Inc.
    Thomas Pladsen
    President and CEO
    (647) 287-3778
    (416) 628-5911 (FAX)