Minefinders Corporation Ltd files preliminary short form universal base shelf prospectus with Securities Commissions in Canada and US

Mon. November 24, 2008; Posted: 10:10 AM

Nov 24, 2008 (M2 EQUITYBITES via COMTEX) -- MNEFF | Quote | Chart | News | PowerRating -- Minefinders Corporation Ltd (Toronto: MFL.TO) (NYSE-A: MFN), a company that mines and explores precious metals, reported on 21 November that it has filed a preliminary short form universal base shelf prospectus with all the provincial Securities Commissions in Canada, apart from the province of Quebec, along with a similar registration statement on Form F-10 with the US Securities and Exchange Commission. A When made final, these filings will enable the company to offer common shares and warrants to purchase common shares, share purchase contracts and subscription receipts (together, the Securities) or any combination thereof up to an aggregate offering size of USD200m during the period that the final short form universal base shelf prospectus remains effective, for a year and a month. These Securities may be offered separately or together, in amounts, prices and terms that will be decided based on market conditions and set forth in a shelf prospectus supplement. A The funding of ongoing operating requirements, maintaining capital expenditures, development work at the Dolores Mine, exploration activities, future acquisitions and for general corporate purposes is expected to be done from the net proceeds of the sale of the Securities. A A registration statement, relating to these Securities, not effective yet, has been filed with the US Securities and Exchange Commission and Securities cannot be sold or sale offers accepted before the registration statement becomes effective.

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