VANCOUVER, Dec. 23, 2011 /CNW/ - Mediterranean Resources Ltd.
('Mediterranean' or the 'Company') announces that, further to its news release of December 7, 2011, it has raised gross proceeds of $1,500,850 by way of a non-brokered private placement of 11,545,000 units at a price of $0.13 per unit. Each unit consists of one common share and one warrant (each warrant exercisable at $0.25 per share for 24
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