Mantle Resources Announces Non-Brokered Private Placement
Vancouver, British Columbia, Canada – Thursday, March 15, 2007 – Mantle Resources Inc. (TSX Venture Exchange: MTS;
Lundin Mining Corp. (TSX: LUN) will be purchasing 1,700,000 units pursuant to the private placement. Added to its current position, this would result in Lundin Mining holding just under a 10 per-cent equity position in Mantle Resources.
“We are very pleased that
The proceeds are planned to be used primarily for further exploration of the Akie sedex zinc property. A portion of the proceeds will also be used for working capital and may also be used to explore the balance of the Company’s portfolio of properties – all located in the Omineca Mining Division within the highly prospective Gunsteel shale formation in the regionally extensive, world-class Kechika trough sedex zinc basin of northern
Lundin Mining Corp., a Canadian mining and exploration company with a primary focus in
On behalf of the Board of Directors
MANTLE RESOURCES INC.
“Peeyush K. Varshney”
Peeyush K. Varshney
President and Director