MacDonald Mines Finalizes $500,000 Private Placement

MacDonald Mines Exploration Ltd. has successfully completed a non-brokered private placement, raising a total of $500,000. Under this offering, the company issued 10 million units at a price of $0.05 per unit. Each unit comprises one Class A common share and a warrant allowing the purchase of an additional share at $0.10 within 24 months.

Insiders acquired 800,000 units, constituting 8% of the total proceeds. The funds are earmarked for advancements at the company's SPJ Project and general corporate expenses. All securities are subject to a four-month hold period. The final approval from the TSX Venture Exchange is pending.