Mega Precious Metals Closes $11.5 Million Bought Deal Financing
Summary
The offering was completed through a syndicate of underwriters led by Stonecap Securities Inc. and including Octagon Capital Corporation.The gross proceeds from the sale of the Flow-Through Shares will be spent to incur Canadian Exploration Expenses on Megas Canadian exploration properties so that they qualify as flow-through mining expenditures. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. Megas common shares trade on the TSX Venture Exchange under the symbol MGP.For further information and presentation material, please review the Mega website at www.megapmi.comFor further information, please contact: Mega Precious Metals Inc. Jim Rogers, President and Chief Executive Officer O: 807-766-3380 TF: 877-592-3380 info@megapmi.comForward-looking Statements Certain statements in this press release relating to the Companys exploration activities, project expenditures and business plans are forward-looking statements within the meaning of securities legislation. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metals filings which are posted on sedar at www.sedar.com.There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.