Minaean SP Construction Closes Private Placement
Vancouver, BC, Canada – Monday, June 9, 2025 – Minaean SP Construction Corp. (TSX Venture Exchange: MSP; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) is pleased to announce, further to its news release dated May 1, 2025, that it has closed the non-brokered private placement (the “Private Placement”), whereby the Company has issued 60,000,000 common shares of the Company (the “Common Shares”) at a price of $0.01 per Common Share for total proceeds of $600,000.
In connection with the Private Placement, the Company paid finder’s fees of $3,150 to Ventum Financial Corp. and $7,200 to Research Capital Corporation.
The Common Shares issued in the Private Placement are subject to a four month and a day hold period expiring on October 10, 2025.
The Company anticipates that 25% of the proceeds will be used for general working capital and 75% will be used for business purposes and exploring new opportunities. No proceeds of the Private Placement are anticipated to be paid to non-arm’s length parties or used for investor relations activities.
On behalf of the Board of Directors
MINAEAN SP CONSTRUCTION CORP.
“Mervyn Pinto”
Mervyn Pinto
President, CEO & Director
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.