Mesa Uranium Corp.

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 March 22, 2012
Mesa Closes Non-brokered Private Placement

 Mesa Exploration Corp. (TSX-V: MSA)(OTCPK: MSAJF) ("Mesa" or the "Company") is pleased to announce it has closed the previously announced non brokered private placement of 360,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $180,000. Each Unit consists of one common share (a "Share") in the capital of Mesa and one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") in the capital of Mesa at a price of $0.75 per Warrant Share. The Warrants will expire 24 months from the date of issue. The securities issued under the Offering are subject to a four month hold period expiring July 21, 2012.

Proceeds from the Offering will be used to advance Mesa's exploration projects and for general working capital.

About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 14.8 million shares issued and outstanding, and no debt. For further information please visit our website at


(signed) Foster Wilson, President and CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at

For further information call:

Corporate Communications, 775-379-3993

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

You can view the Next News Releases item: Mon Mar 26, 2012, Mesa Drilling Confirms Uranium Zone at Moonshine Springs Project

You can view the Previous News Releases item: Thu Mar 8, 2012, Mesa Receives $300,000 Payment for Holbrook Basin

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