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Makena Resources Inc
Symbol MKN
Shares Issued 44,236,783
Close 2015-06-19 C$ 0.025
Market Cap C$ 1,105,920
Recent Sedar Documents

ORIGINAL: Makena Resources arranges $860,000 private placement

2015-06-22 14:41 ET - News Release

Received by email:

File: NR - Jun. 22, 15 Announce PP $0.025 v2.doc

MAKENA RESOURCES INC.
Suite 1470 - 701 West Georgia Street
Vancouver, BC V7Y 1C6
June 22, 2015

Trading Symbol:
MKN - TSX Venture Exchange 
Makena Proposes Private Placement
Makena Resources Inc. ("Makena", "MKN" or the "Company") wishes to announce that it is proposing a non-brokered privat
--->e placement of up to 34,400,000 units at $0.025 per unit, of which up to $500,000 may be flow-through units, for gross
---> proceeds of $860,000 (the "Offering").  Each unit, flow-through and non-flow-through, will consist of one common shar
--->e and one transferable share purchase warrant exercisable at $0.05 for a period of 5 years (the "Offering"), subject t
--->o approval of the TSX Venture Exchange (the "TSXV"). The Offering is being conducted in accordance with the TSXV Bulle
--->tin dated April 07, 2014 and November 17, 2014, regarding Private Placements - Discretionary Waivers of $0.05 Minimum 
--->Pricing Requirement.  Makena plans to rely upon the new "existing shareholder exemption" described in Multilateral CSA
---> Notice 45-313 - Prospectus Exemption for Distributions to Existing Security Holders (published March 13, 2014) or ana
--->logous exemption for shareholders of record as of June 19, 2015, as well as other exemptions.  Proceeds of the Offerin
--->g are expected to be used towards the following: (a) accounts payable and accrued liabilities; (b) up to $500,000 on e
--->xploration work on the Patterson Uranium Property; (c) $25,000 on acquisition costs on the Patterson Uranium Property;
---> and (d) working capital.  A finder's fee may be paid in accordance with TSXV policy.

Unless the Company determines to increase the gross proceeds of the Offering and receives TSX Venture approval for suc
--->h increase, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering a
--->mount of $860,000, units will be allocated pro rata amongst all subscribers qualifying under all available exemptions.
If you would like to be added to Makena's news distribution list, please send your contact information to info@makenar
--->esourcesinc.com
Contact Information Tel: (604) 685 5150 info@makenaresourcesinc.com www.makenaresourcesinc.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Negar Adam"
Negar Adam
President Makena Resources Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is define dint he policies of 
--->the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release. 



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