Morgain – Amendment to January 15, 2006 News Release
Vancouver, BC, January 16, 2007 – On January 15, 2007, Morgain Minerals Inc. (TSX-V: MGM) announced the closing of a non-brokered private placement of 2,000,000 units at $0.30 per unit. The Company announces that the cash portion of the finder’s fee payable is CDN $48,000, rather than CDN $36,000 previously reported, and the finder’s warrants issued were 300,000, rather than 90,000 previously reported.
About Morgain Minerals Inc.
Morgain Minerals Inc. is a resource exploration company with a number of precious and base metal properties in Mexico. Its corporate strategy is to acquire properties with known resources that can be further developed to production status. Visit Morgain’s website www.morgainminerals.com for the latest corporate information.
For further information, please contact: Coal Harbor Communications Inc. – (604-662-4505) or Toll-free (1-877-642-6200) www.morgainminerals.com
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
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