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Marifil Mines Announces Postponement of Share Consolidation and a Debt Settlement Update

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2018) – Marifil Mines Limited (TSXV: MFM) (“Marifil” or the “Company“) announces that its 2:1 share consolidation which was announced to be effective at the open of market on January 16 has been postponed for a week. The share consolidation will now be effective at the open of market on Monday, January 22, 2018.

The Company also announces that it has received TSX Venture Exchange approval for its previously announced debt settlements. The Company will issue 3,654,420 post consolidated shares to settle outstanding debt of $365,442.

Insiders accounted for $276,627 of the settled debt, being 2,752,770 post consolidated shares.

Head Office:
Robert Abenante,
Chief Executive Officer.
Email: [email protected]
Website: www.marifilmines.com

Investor Relations:
Hugh Oswald
Phone: 604.838.2855
Email: [email protected]

For further information regarding Marifil Mines Limited, please refer to the Company’s filings available on SEDAR (http://www.sedar.com) or at Marifil’s Website (http://www.marifilmines.com).

General Disclaimer

Marifil Mines Limited “Marifil” has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the 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.



Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/32032/Marifil-Mines-Announces-Postponement-of-Share-Consolidation-and-a-Debt-Settlement-Update. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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