OTTAWA, ONTARIO--(Marketwire - June 11, 2012) -
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.
Mincom Capital Inc. (the "Corporation") (TSX VENTURE:MOI) is pleased to announce that it has completed a non-brokered private placement for aggregate gross proceeds of $234,745.05 consisting of the issuance of 1,564,967 common shares (the "Common Shares") at a price of $0.15 per Common Share.
The Corporation paid a cash commission of $13,180 in relation to this private placement. All securities issued in the private placement are subject to a four month hold period expiring on October 9, 2012.
The proceeds of the private placement will be used to fund the Corporation's general working capital.
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.