Minefinders Corporation Ltd.

Minefinders Corporation Ltd.

October 24, 2006 10:52 ET

Minefinders Completes Private Sale of US$85 Million in 4.50% Convertible Senior Notes

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2006) - Minefinders Corporation Ltd. (the "Company") (TSX:MFL)(AMEX:MFN) announced today that it has completed the sale to an initial purchaser of US$85 million aggregate principal amount of its 4.50% Convertible Senior Notes due December 15, 2011 ("Convertible Notes"), which amount includes the Convertible Notes issued upon exercise of the initial purchaser's over-allotment option.

The Company sold the Convertible Notes in a private transaction, exempt from the registration requirements of the Securities Act of 1933, as amended. The Convertible Notes, and the Common Shares issuable upon conversion of the Convertible Notes, have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration under, or an applicable exemption from, the registration requirements of the Securities Act. None of these securities were offered or sold in Canada or to Canadian purchasers or to any person who purchased for resale to, or for account of, any person resident in Canada.

Mark H. Bailey, President and Chief Executive Officer

Contact Information

  • Minefinders Corporation Ltd.
    Mark H. Bailey
    President and Chief Executive Officer
    Website: www.minefinders.com