MBMI Repays Promissory Notes
04 Juillet 2011 - 3:00PM
Marketwired Canada
MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that
further to the news releases of March 03 and April 25, 2011, and in accordance
with the terms of the loan agreement, the Company has repaid $1,300,000 in
Promissory Notes held by the lenders pursuant to the loan made July 31, 2009.
The Company will therefore not proceed with the previously announced transaction
whereby a portion of Promissory Notes would have been exchanged for 10% Secured
Convertible Debentures.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael T. Mason, President and CEO
For further information relating to the Company or this release, please refer to
the Company's website at www.mbmiresources.com.
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