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China NonFerrous Metals Exploration acquires 14.95% interest in Murgor Resources

Fasken
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China NonFerrous Metals Exploration

On August 31, 2009, Murgor Resources Inc. (MGR: TSX-V) announced that it had completed its previously-announced private placement to China Nonferrous Metals Exploration Corp. ("CNME") by issuing 8,100,000 common shares to CNME at a price of $0.10 per share, for proceeds to Murgor of $810,000. As a result of the private placement, CNME now holds a 14.95% interest in Murgor Resources. CNME is a Canadian corporation majority-owned by Chinese shareholders including state-owned Beijing Donia Resources Co., whose mandate includes exploring for and acquiring base metal resources worldwide. CNME was advised in this transaction by Fasken Martineau with a team that included Raziel Zisman, Nancy Eastman and Alex Nikolic.

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