LAS VEGAS, NEVADA -- (Marketwire) -- 11/15/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announces that it has sold its El Carmen oil and gas property to Ilakon Ltd. ('Ilakon') a private company.
Ilakon has agreed to purchase the El Carmen property for $250,000 of which $125,000 is payable on signing and $125,000 is due in 12 months. Marifil has the option of taking the second payment in stock if Ilakon has gone public or is in the process of going public. In addition, Marifil retains an 8% production royalty from gross proceeds of sales of oil and gas. Ilakon will begin paying Marifil an annual advance royalty of $75,000 beginning at the earlier of commencement of production or 24 months from the date of the Agreement.
LAS VEGAS, NEVADA -- (Marketwire) -- 11/08/10 -- Marifil Mines Ltd. (TSX VENTURE: MFM) ('Marifil' or 'the Company') is pleased to announce that the Company has entered into a joint venture option agreement for its Las Aguilas Nickel-Copper-PGM property with Pacific Coast Nickel Corp. (TSX VENTURE: NKL).
SPOKANE, WASHINGTON -- (Marketwire) -- 10/26/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') is pleased to announce the appointment of Matthew Fowler as Interim Chief Financial Officer.
Mr. Fowler has six years of investment, corporate finance and Securities and Exchange Commission accounting experience. He has raised institutional capital for private equity investments, invested in numerous
SPOKANE, WASHINGTON -- (Marketwire) -- 10/20/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announces that it has successfully modified the sales agreement for its lithium properties to Renholn International, a private company ('Renholn') (see News Releases Dated August 12, 2010 and September 14, 2010).
SPOKANE, WASHINGTON -- (Marketwire) -- 09/14/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announced on August 12, 2010 that the Company had entered into an agreement with Renholn International for the sale of its two lithium claims in Salta Province and seven lithium claims in Catamarca Province.
Company Retains a 3% Net Smelter RoyaltySPOKANE, WASHINGTON -- (Marketwire) -- 08/12/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announces that it has signed an agreement with Renholn International, a private company ('Renholn'), whereby Renholn has the right to purchase all of the Company's lithium claims in Salta and Catamarca Provinces, Argentina.
SPOKANE, WASHINGTON -- (Marketwire) -- 08/03/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil') announced today that the Compay's CFO, Michael Sweatman, has resigned as the CFO for personal reasons and to pursue other commitments. Marifil is currently seeking potential candidates and will appoint a CFO prior to August 30, 2010 in order to facilitate an orderly transition.
LAS VEGAS, NEVADA -- (Marketwire) -- 07/28/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announces that NovaGold Resources Inc. ('NovaGold') has successfully completed its due diligence studies on Marifil's title to the San Roque project. NovaGold has delivered a check for US$50,000 to Marifil and is planning an exploration and drilling program. NovaGold now has the right to earn up to a 70% interest in Marifil's San Roque Project in Rio Negro Province, Argentina.
NovaGold to Spend $9 Million to Earn a 70% InterestLAS VEGAS, NEVADA -- (Marketwire) -- 06/23/10 -- MARIFIL MINES LTD. (TSX VENTURE: MFM) ('Marifil' or 'the Company') announces that it has entered into an Option Agreement ('Agreement') with NovaGold Resources Inc. ('NovaGold'), a Canadian corporation, whereby NovaGold can earn up to a 70% interest in Marifil's San Roque Project in Rio Negro Province, Argentina.
Marifil is Seeking a Partner to Develop this PropertyLAS VEGAS, NEVADA -- (Marketwire) -- 05/12/10 -- Marifil Mines Ltd. (TSX VENTURE: MFM) ('Marifil' or 'the Company') is pleased to announce the completion of an NI 41 43-101 report on the Codihue property. The company owns a 100% interest in this 18,000 hectare sulphur target in the Neuquen Sedimentary Basin, Neuquen Province, Argentina.
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