VANCOUVER, Dec. 12 /CNW/ - Mexivada Mining Corp. is pleased to announce
that it has received $1,479,797 from the exercise of 1,973,062 warrants at
$0.75 prior to their expiry on November 28, 2007. A further $182,387 was
received from the exercise of 364,775 warrants at $0.50, resulting in total
proceeds received by the Company of $1,662,184.
With the addition of these additional funds from the warrant exercise,
Mexivada currently has cash and short-term investments on hand of
$2.65 Million, which ensures that it is well capitalized for its current
exploration activities planned and underway in Mexico, Nevada and the Republic
of Congo, Africa. With respect to short-term investments, Mexivada has no
exposure to any asset-backed commercial paper ("ABCP") investments; all
short-term investments are comprised solely of highly liquid Guaranteed
Investment Certificates issued by a major Canadian bank.
About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada,
and the ROC Republic of Congo. Managed by experienced and successful board
members and advisors, Mexivada is well financed with no debt. For further
information, including area maps, sections, and photos, please visit our web
site at www.mexivada.com or contact us by e-mail at firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R. REDFERN"
Richard R. Redfern
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: LionsGate Communication Corp., Telephone: (866)
922-6774 or (604) 866-7700, email@example.com, www.mexivada.com