Minaean Announces Private Placement of Units
Vancouver, BC, Canada – December 17, 2012 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) is pleased to announce that it proposes to issue 2,500,000 Units of the Company at a price of $0.075 per Unit, for gross proceeds of $187,500. Each Unit will consist of one common share and one-half of one share purchase warrant of the Company. Each whole common share purchase warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of 18 months.
Finders’ fees of 7% in common shares will be payable on a portion of the private placement.
The proceeds from the private placement will be used for working capital purposes.
The private placement is subject to regulatory approval.
Minaean is well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications.
The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol “MIB” and on the Berlin and Frankfurt Stock Exchanges under the symbol “NJA”. For more information, please visit www.minaean.com.
On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.
Hari Varshney, FCA
For Further Information Please Contact:
Minaean International Corp.
Toll free: 1-855-684-2181