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Published on 5/30/2008 in the Prospect News PIPE Daily.

New Issue: Mano River Resources settles £2 million private placement of shares

By Devika Patel

Knoxville, Tenn., May 30 - Mano River Resources Inc. said it completed a £2 million non-brokered private placement of stock, which priced May 23.

The company sold 20 million common shares at 10p apiece. Investors also received 20 million warrants.

Based in Vancouver, B.C., Mano is a diamond and gold exploration company focused on properties in Liberia, Sierra Leone and Guinea.

Issuer:Mano River Resources Inc.
Issue:Common shares
Amount:£2 million
Shares:20 million
Price:10p
Warrants:20 million
Agent:Non-brokered
Pricing date:May 23
Settlement date:May 30
Stock symbol:TSX Venture: MNO
Stock price:C$0.36 at close May 29

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