Trans National Minerals Inc.


Feb 11, 2009 17:32 ET

Trans National Minerals Inc. Announces Closing of CAD$267,857.00 Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2009) - Trans National Minerals Inc. (the "Company"), a capital pool company, is pleased to announce the completion of its initial public offering (the "IPO"). Pursuant to the IPO, the Company issued 2,678,570 common shares ("Common Shares") at a price of $0.10 per Common Share for aggregate gross proceeds to the Company of $267,857.00. As a result of this issuance, the Company has 13,392,855 Common Shares issued and outstanding.

It is anticipated that the Common Shares of the Company will commence trading on the TSX Venture Exchange (the "TSX-V") on or about February 12, 2009 under the trading symbol "TNF.P".

Blackmont Capital Inc. acted as agent in respect of the IPO and received an option to acquire an aggregate of 214,286 Common Shares for a period of 24 months from the date of listing of the Common Shares on the TSX-V at an exercise price of $0.10 per Common Share. A corporate finance fee and a cash commission of 10% of the gross proceeds of the IPO were also paid to Blackmont Capital Inc.

In addition, the Company granted an aggregate of 100,000 incentive stock options to one of its directors at an exercise price of $0.10 per share for a period of five years from the date of grant.

The net proceeds of the IPO will be used by the Company to identify and evaluate assets and businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the TSX-V as disclosed in the Company's prospectus dated January 28, 2009.

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact

Trans National Minerals Inc.
Bruce Pridmore
Chief Financial Officer
(250) 884-6006
Email: brucep@laccgroup.com