Marum arranges $191,250 offering

2009-03-10 20:21 ET - News Release

Mr. Richard Boulay reports

MARUM ANNOUNCES PRIVATE PLACEMENT OFFERING

Subject to regulatory acceptance, Marum Resources Inc. has proposed a non-brokered private placement offering of up to 2.25 million units at a price of 8.5 cents per unit for gross proceeds of up to $191,250. Each unit will comprised one common share of the company and one share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of 13 cents per share for a period of 24 months from the date the warrant is issued. The offering is expected to close on or before March 25, 2009.

Insiders of the company are subscribing for up to 100 per cent of the offering. Pursuant to the policies of the TSX Venture Exchange, the sale of units to these insiders constitutes a related-party transaction as defined in Multilateral Instrument 61-101 Protection of Minority Securityholders in Special Transactions. The transaction however will be exempt from applicable formal valuation and minority shareholder approval requirements as the fair market value of the units does not exceed 25 per cent of the market capitalization of the company.

No fees or commissions shall be payable in connection with this placement. The net proceeds from the offering will be used to explore the company's gold properties and for general corporate purposes. All dollar amounts are in Canadian dollars unless otherwise noted.

The offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange. ..Lets find a hinge and raise some big cash. Traps7