Mineral Mountain negotiates C$5.08 million private placement of stock

Offering brokered by Stonecap, Industrial Alliance to fund exploration

By Devika Patel

Knoxville, Tenn., Nov. 29 - Mineral Mountain Resources Ltd. said Friday it will conduct a private placement of stock on a best-efforts basis. Industrial Alliance Securities Inc. and Stonecap Securities Inc. are the agents for the C$5.08 million deal, which has a 15% greenshoe.

The company will sell flow-through common shares.

Settlement is expected the week of Dec. 13.

Proceeds will be used for exploration of the company's mineral projects, for property investigations, for acquisitions of additional mineral properties or interests and for general working capital.

Vancouver, B.C.-based Mineral Mountain explores for precious metals, including gold and silver, and base metals, including zinc, lead and copper.

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