Superior Mining Receives Loan
June 25, 2014
Vancouver, British Columbia: Superior Mining International Corporation, (the “Company”) announces that funds in the amount of $80,000 bearing interest at a rate of 15% per annum, compounded monthly, have been advanced by the directors of the Company for working capital purposes. Subject to TSX Venture Exchange approval, in consideration of the loans, the Company will issue bonus shares to the lenders, in the aggregate 320,000 common shares at a deemed value of $0.05 per share. The Shares will be subject to a four month hold period.
On behalf of the Board of Directors of
Superior Mining International Corporation
Brent Butler
President and Chief Executive Officer
For more information please contact:
Superior Mining International Corporation
c/o Brent Butler, President and Chief Executive Officer
Telephone: +1-604-563-3544
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE INC. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.