Medinah Minerals (MDMN)

[mdmn_rocks]

!! Amarant Mining new major shareholder in Mineral Invest !!

Is Medinah next?

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According to a decision of private placement at a time at the Extraordinary General Meeting held on 28th september 2012, the Board of Mineral Invest today decided to award Amarant Mining Ltd. 478,240,226 shares in Mineral Invest International MII AB. With the allocation of shares will be Amaranth major shareholder in Mineral Invest and Ghana Gold Ltd, a wholly owned subsidiary of Mineral Invest Group.

Completion of the deal has been made for the previously announced terms. The company has thus secured fresh capital of up to $ 15 million and access to production facilities for alluvial gold extraction from Au Vert Recovery Systems.

"Getting in Amaranth as a strong financial and industrial owners is what Mineral Invest need to take the company to the next phase. With Amaranth we create good conditions for growth with profitability. Our business is also strengthened by the availability of production facilities from AuVert. Additional benefits of the transaction is an exchange of experience with Amarants other operational activities and the availability of Amarants solid and global network. Efforts from now will focus on, along with our new owners, developing our business plan, which includes the strategy for exploration and production in our license areas in Africa ", says Andreas Hammerich, CEO Mineral Invest.

Completion of the deal also means that the Board of Mineral Invest has approved the terms of the company and Amarant Mining Limited signed agreement for loans of up to $ 5 million from Amaranth Mining Ltd..


For further information, please contact

Andreas Hammerich, CEO Tel: [phone], email: andreas.hammerich @ mineralinvest.com
Charlie Eldh, CFO, tel: [phone], email: charlie.eldh @ mineralinvest.com


About Mineral Invest:
Mineral Invest is an international gold company focused on gold exploration and near-surface gold production in Africa.
Currently, the Company holds exploration and exploitation licenses for a 1442 km2 area in the Kilo-Moto gold belt in north-eastern DR Congo, and exploration license for a 90 km2 area in Moyale in southern Ethiopia.
The parent company is based in Stockholm and the company's shares are listed on AktieTorget under the ticker symbol MII.

For more information please visit www.mineralinvest.com