Minefinders Corporation Ltd.

Minefinders Corporation Ltd.

December 09, 2010 11:17 ET

Minefinders Closes Renewal of Its US$50 Million Credit Facility With the Bank of Nova Scotia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - Further to its news release of November 5, 2010, Minefinders Corporation Ltd. (TSX:MFL)(NYSE Amex:MFN) is pleased to report it has closed the renewal of the Company's existing US$50 million revolving credit facility with the Bank of Nova Scotia.

Mark Bailey, President and CEO, said: "The revolving credit facility enhances the liquidity and financial flexibility of the Company and we are pleased with the continued confidence demonstrated by the Bank of Nova Scotia in the Company and its operations."

The renewal was structured as an amendment to the existing credit agreement with BNS and extends the term of the revolving credit facility an additional three years to December, 2013.

About Minefinders

Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. For more information, please visit our website at www.minefinders.com.

Contact Information

  • Minefinders Corporation Ltd.
    Jonathan Hackshaw
    Director of Corporate Communications
    Toll Free: (866) 687-6263 or (604) 687-6263
    Minefinders Corporation Ltd.
    Mike Wills
    Investors Relations Representative
    Toll Free: (866) 687-6263 or (604) 687-6263
    (604) 687-6267 (FAX)