Minefinders Corporation Ltd.

Minefinders Corporation Ltd.

October 07, 2009 08:55 ET

Minefinders Announces Exercise of Over-Allotment Option

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - Minefinders Corporation Ltd. ("Minefinders" or the "Company") (TSX:MFL)(NYSE Amex:MFN) today reported that the underwriting syndicate of its recently closed bought deal offering, led by BMO Capital Markets and Scotia Capital Inc., has exercised in part their over-allotment option for the purchase of an additional 350,000 common shares of the Company at a price of C$10.65 per share for gross proceeds of C$3,727,500.

Together with the closing that occurred on September 29, 2009, Minefinders has issued an aggregate of 6,550,000 common shares at a price of C$10.65 per share for gross proceeds of C$69,757,500.

A final prospectus supplement to the previously filed final base shelf prospectus setting out the details of the offering has been filed with the United States Securities and Exchange Commission and certain securities commissions in Canada and is available on www.sedar.com and www.sec.gov. A copy of the final prospectus supplement may be obtained upon request by contacting Investor Relations at BMO Capital Markets, Distribution Department, 1 First Canadian Place, B2 Level, Toronto, Ontario, M5X 1H3 (tel: 416-363-6996 x224), or in the United States from BMO Capital Markets Corp., Attention: Lori Begley, 3 Times Square, 27th Floor, New York, New York, 10036 (tel: 212-885-4039).

About Minefinders

Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. The Company continues its exploration efforts on other prospective projects in Mexico to build a quality pipeline of precious metals projects for future growth.

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