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MBR Mbmi Resources Inc.

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Share Name Share Symbol Market Type
Mbmi Resources Inc. TSXV:MBR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

MBMI Further Increases Unit Offering of Private Placement

09/07/2009 11:28pm

Marketwired Canada


MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) is pleased to
report that further to its May 25, and June 20, 2009 news releases, the
non-brokered Private Placement financing has been oversubscribed and gross
proceeds will now be increased up to $850,000. Up to a total of 11.3 million
Units at a price of $0.075 per Unit will be issued in accordance with this
financing. Each Unit consists of one Common Share and one full Common Share
Purchase Warrant. Each full Warrant entitles the holder to purchase one Common
Share at a price of $0.10 for a two year period. Closing of the financing is
subject to TSX Exchange approval.


The net proceeds of the financings shall be used for exploration and development
of the Company's Philippine nickel mineral properties, and for general corporate
purposes.


Corporate Profile

MBMI Resources Inc. is a Canadian-based mining company focused on the
exploration and development of nickel mineral properties in the Philippines.
MBMI and its Philippine partners have an interest in nine nickel laterite
projects in the Philippines, covering an area greater than 22,000 hectares.
MBMI's objective is to become a major supplier of high-grade nickel products to
primary industrial consumers in Asia.


ON BEHALF OF THE BOARD OF DIRECTORS

David G. Tafel, V.P. Corporate Development and Director

Further Information

For further information relating to the Company or this release, please refer to
the Company's website at www.mbmiresources.com.


This news release may contain forward-looking information including but not
limited to comments regarding the timing and content of upcoming financings,
work programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking information includes disclosure
regarding possible future events, or conditions or results of operations that is
based on assumptions about future economic conditions and courses of action, and
therefore, involves inherent risks and uncertainties. Although management has a
reasonable basis for the conclusions drawn, actual results may differ materially
from those currently anticipated in such statements.


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