Messina Minerals "MMI" Contracts Snowden for Boomerang NI43-101 Resource Estimate

Abstract

Messina Minerals Inc. announces, subject to regulatory acceptance, a non-brokered private placement of up to 125,000 flow through units of its securities. The flow through units will be at a price of $1.40 per unit for gross proceeds of up to $175,000. Each flow-through unit will be comprised of one flow through common share and one non-flow through common share purchase warrant entitling the holder to purchase one additional share at a price of $1.75 for a period of two years. Flow through units will convey income tax benefits to the purchasers and proceeds of the flow through portion of the placement will be used to fund exploration programs on the Company's Newfoundland properties.