Minaean wishes to announce that it has arranged a loan
Vancouver, BC, Canada – May 14, 2012 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) wishes to announce that it has arranged a loan of $50,000 from a non-arm’s length party for working capital purposes.
The loan bears interest at the rate of 10% per annum and has a maturity date of one year from the date of receipt by the Company. This loan can be repaid earlier, at the Company’s discretion, if it is able to complete an equity financing. Minaean will issue bonus shares of 100,000 at a deemed price of $0.09375 per share to the non-arm’s length party in consideration for providing the loan in accordance with the TSX Venture Exchange’s policies.
The above transaction is subject to the TSX Venture Exchange 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.
President & Director
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