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Post by Franko10 ™ on Sept 16, 2004 7:36:05 GMT -5
Tue Sep 7, 2004
Morgain Minerals Receives $1,920,767 from Exercise of Warrants, Appoints New Director and Relocates Head Office
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Vancouver, B.C., September 7, 2004 - Morgain Minerals Inc. (TSX-V: MGM) announces that it has received proceeds of $1,920,767 from the exercise of 2,327,800 warrants at a strike price of $0.35, 187,300 at $0.29 (broker warrants) and 6,186,588 at $0.17. Proceeds will be used, in part, to carry out the bulk 30,000 tonne test at the El Cairo open-pit, heap- leach, oxide gold property located in Durango, Mexico and for general working capital purposes.
Morgain Minerals is also pleased to announce the appointment of Bryan Morris, its Chief Financial Officer, to the Board of Directors. Mr. Morris began his distinguished career in the mining industry in 1966 with Cerro de Pasco Corporation and Centromin. In 1977 he joined Cominco Ltd. Over the next 26 years, Mr. Morris held a series of financial management and executive positions with Cominco, Cominco Resources and Teck Cominco, most recently as Vice President, Business Development. He also served as director of several subsidiary companies and listed companies until his retirement in 2003. Mr. Morris remains active as a financial consultant for companies in the mining sector.
The Company's Board of Directors consists of Chester F. Millar, Bryan Morris, Leonard Harris, Christopher E. Babsmall thingy, Raymond J. Mongeau and Alfonso Daco. Due to the change of the Board, Morgain Minerals has moved its head office from Toronto to 14th Floor, 400 Burrard Street, Vancouver, British Columbia, V6C 3G2.
Morgain Minerals is a resource exploration company with a number of precious and base metal properties in Mexico. Its corporate strategy is to explore and develop properties with known resources that can be further explored to a production status. Visit our website at www.morgainminerals.com for the latest corporate information.
For further information, please contact:
Chester F. Millar - President and CEO
(604) 643-1727
The TSX has neither approved nor disapproved of the information contained herein
Morgain Minerals Receives $1,920,767 from Exercise of Warrants, Appoints New Director and Relocates Head Office
--------------------------------------------------------------------------------
Vancouver, B.C., September 7, 2004 - Morgain Minerals Inc. (TSX-V: MGM) announces that it has received proceeds of $1,920,767 from the exercise of 2,327,800 warrants at a strike price of $0.35, 187,300 at $0.29 (broker warrants) and 6,186,588 at $0.17. Proceeds will be used, in part, to carry out the bulk 30,000 tonne test at the El Cairo open-pit, heap- leach, oxide gold property located in Durango, Mexico and for general working capital purposes.
Morgain Minerals is also pleased to announce the appointment of Bryan Morris, its Chief Financial Officer, to the Board of Directors. Mr. Morris began his distinguished career in the mining industry in 1966 with Cerro de Pasco Corporation and Centromin. In 1977 he joined Cominco Ltd. Over the next 26 years, Mr. Morris held a series of financial management and executive positions with Cominco, Cominco Resources and Teck Cominco, most recently as Vice President, Business Development. He also served as director of several subsidiary companies and listed companies until his retirement in 2003. Mr. Morris remains active as a financial consultant for companies in the mining sector.
The Company's Board of Directors consists of Chester F. Millar, Bryan Morris, Leonard Harris, Christopher E. Babsmall thingy, Raymond J. Mongeau and Alfonso Daco. Due to the change of the Board, Morgain Minerals has moved its head office from Toronto to 14th Floor, 400 Burrard Street, Vancouver, British Columbia, V6C 3G2.
Morgain Minerals is a resource exploration company with a number of precious and base metal properties in Mexico. Its corporate strategy is to explore and develop properties with known resources that can be further explored to a production status. Visit our website at www.morgainminerals.com for the latest corporate information.
For further information, please contact:
Chester F. Millar - President and CEO
(604) 643-1727
The TSX has neither approved nor disapproved of the information contained herein
