Friday, March 23, 2012

Mesa Exploration [TSXV-MSA] - Mesa Exploration Closes Non-brokered Private Placement 

Mesa Exploration Corp. (TSXV: MSA) (“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 August 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.

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