| ||Wed Oct 14, 2009|
Messina Minerals Inc. Announces Closing of Private Placement
| ||P R E S S R E L E A S E|
October 14, 2009
Messina Minerals Inc. Closes Private Placement
Vancouver, BC, October 14, 2009 - Messina Minerals Inc. (TSX-V:MMI) (the "Company") is pleased to announce that it has closed its previously announced private placement by the issuance of 1,403,333 flow-through shares at a price of $0.15 per share for gross proceeds to the Company of $210,500. Proceeds received from the private placement are intended to be used to continue exploration work on the Company's properties in central Newfoundland.
All securities issued pursuant to this private placement are subject to a four month hold period that expires on February 14, 2010.
Peter Tallman, President of Messina Minerals states: "The proceeds of this placement will allow us to immediately proceed with drill testing targets. Permits are in place to allow us to begin drilling at the Haven Steady copper -- zinc property during 2009. The planned work program should begin shortly."
Messina Minerals Inc. is a leading explorer of zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland, Canada on its extensive 410 square kilometer mineral lands, in a region known historically for its zinc resources and where the Company has made new massive sulphide discoveries including "Boomerang" and "Domino". See our website for more information on all Messina's Newfoundland properties.
ON BEHALF OF THE BOARD OF DIRECTORS OF
MESSINA MINERALS INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information
Peter Tallman, President
Fax: (604) 601-8253
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