STLLR Gold Inc (ME)

[NYBob]

Moneta amends Bought Deal Financing -

http://www.monetaporcupine.com/i/pdf/Mar_16_2012_AMENDED_BOUGHT_DEAL.pdf


Moneta Gold Mine -
Rep. # 1 Highest Average Produced Gold Ore Grade
in Porcupine Timmins Goldfields -

TIMMINS, ON, March 16, 2012 /CNW/ -

Moneta Porcupine Mines Inc.
(TSX:ME)(OTC:MPUCF)(XETRA:MOP) (the "Company") announces
that it has amended the terms of the previously announced
bought deal financing (Press Release February 23, 2012).

Moneta has agreed to amend the February 23, 2012 agreement with
the syndicate of underwriters (the "Underwriters"), led by
Stonecap Securities Inc., whereby the Underwriters have now
agreed to purchase, on a bought deal basis, 10,000,000 common
shares (the "Common Shares") from treasury of the Company at a
purchase price (the "Issue Price") of $0.30 per Common Share
for gross proceeds of $3,000,000 (the "Offering"), previously
$0.35 per Common Share for gross proceeds of $5,000,000.
The Company also grants the Underwriters an option to purchase
up to an additional 1,667,000 Common Shares at the Issue Price
exercisable up to 48 hours prior to closing of the Offering for
additional gross proceeds of up to $500,100.

The net proceeds of the Offering will be used for exploration at
the Company's Golden Highway project, working capital and
general corporate purposes.

The Offering will be made by way of private placement to
accredited investors in all provinces of Canada.

The Offering is expected to close on or about March 27, 2012,
and is subject to certain conditions including, but not limited
to, the receipt of all necessary approvals including the
approval of the Toronto Stock Exchange and the relevant
securities regulatory authorities.
The Common Shares will be subject to a four-month hold period.

About Moneta
Moneta holds a 100% interest in 5 core projects strategically
located along the Destor Porcupine Fault Zone in the world
class Timmins Camp with excellent infrastructure including
access roads, water, electricity, and mills.
The land position is one of the largest -
after three gold producers -
including the highly prospective
Golden Highway Project which contains an Indicated resource of
1.07 million ounces gold (NI 43-101) and an Inferred resource of
2.07 million ounces gold (NI 43-101)
and covers 12 kilometers of a volcanic/sedimentary belt along
the Destor Porcupine Fault Zone, similar to that which has
hosted the bulk of the 75 million ounces mined to date in the
Timmins Camp.

Moneta's public documents may be accessed at www.sedar.com. For further information on Moneta, please visit our website at www.monetaporcupine.com or email us at [e-mail].

This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended, or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless an
exemption from such registration is available.

Some of the statements contained in this release are forward-
looking statements, ----in each case could differ materially
from those currently anticipated in such statements.

Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the
Toronto Stock Exchange) accepts responsibility for the adequacy
or accuracy of this release.

Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
[e-mail]

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. /



Moneta Porcupine Mines Inc (TSE:ME) CORPORATE PRESENTATION -
February 2012 -

http://www.monetaporcupine.com/i/pdf/MONETA_FEB_2012.pdf

http://www.monetaporcupine.com

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72411010

http://investorshub.advfn.com/boards/board.aspx?board_id=5495

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