MIRL Minera

 

TIDMMIRL 
 
RNS Number : 8358V 
Minera IRL Limited 
09 November 2010 
 

 
 
 
 
 
          Minera IRL Announces Exercise of Full Over-Allotment Option 
 
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR 
DISSEMINATION IN THE UNITED STATES 
 
London, 9 November 2010: Minera IRL Limited ("Minera IRL" or the "Company"), 
(TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin American focused gold mining, 
development and exploration company, is pleased to report that pursuant to the 
agency agreement (the "Agency Agreement") dated October 28, 2010 among Jennings 
Capital Inc. and National Bank Financial Inc. (collectively, the "Agents") and 
the Company, the Agents are exercising the full Over-Allotment Option to 
purchase 4,250,296 Additional Offered Shares at a price of C$1.15 per Additional 
Offered Share in connection with the Offering, which is expected to close on 
10th November. 
 
These securities have not been and will not be registered under the United 
States Securities Act of 1933, as amended, or the securities laws of any state, 
and may not be offered or sold in the United States unless an exemption from 
registration is available.  This press release does not constitute an offer to 
sell or a solicitation of an offer to buy these securities in the United States. 
 
 
For more information please contact: 
 
+------------------------------------------------+-------------------+ 
| Minera IRL                                     | +511 4181230      | 
|                                                |                   | 
| Trish Kent, Vice President, Corporate          |                   | 
| Relations                                      |                   | 
+------------------------------------------------+-------------------+ 
| Jennings Capital Inc.                          | +1 416 304 2174   | 
| Daryl Hodges                                   |                   | 
+------------------------------------------------+-------------------+ 
| Collins Stewart (Nominated Adviser & Broker,   | + 44 (0)20 7523   | 
| London)                                        | 8350              | 
| Adam Miller                                    |                   | 
| John Prior                                     |                   | 
+------------------------------------------------+-------------------+ 
 
      Minera IRL Limited is the TSX, AIM and BVL, Lima listed holding company of 
     precious metals mining and exploration companies focused in Latin America. 
       Minera IRL is led by an experienced senior management team with extensive 
     industry experience, particularly in operating in South America.  The Group 
operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru 
                                as well as the Don Nicolas Project in Argentina. 
 
 
The Toronto Stock Exchange neither approves nor disapproves the information 
contained in this News Release. 
 
Some of the statements contained in this release are forward-looking statements, 
such as the anticipated use of proceeds and closing of the Offering estimates 
and statements that describe the Company's future plans, objectives or goals, 
including words to the effect that the Company or management expects a stated 
condition or result to occur.  Since forward-looking statements address future 
events and conditions, by their very nature, they involve inherent risks and 
uncertainties. 
 
While these forward-looking statements, and any assumptions upon which they are 
based, are made in good faith and reflect our current judgment regarding the 
direction of our business, actual results will almost always vary, sometimes 
materially, from any estimates, predictions, projections, assumptions or other 
future performance suggestions herein.  Except as required by applicable law, 
Minera IRL Limited does not intend to update any forward-looking statements to 
conform these statements to actual results. 
 
Collins Stewart Europe Limited is Nominated Adviser and Broker to Minera IRL and 
has acted as special selling agent in respect of the Offering within the United 
Kingdom, but has not authorised the contents of, or any part of, the Final 
Prospectus and no liability or responsibility whatsoever is accepted by Collins 
Stewart Europe Limited for the accuracy of any information or opinions contained 
in the Final Prospectus or for the omission of any information. No 
representation or warranty, express or implied, is made by Collins Stewart 
Europe Limited as to any of the contents of the Final Prospectus. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEDDBDBIBGBGGI 
 

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