News Release
Mazorro Resources Inc. To Trade On TSX Venture Exchange
MAZORRO RESOURCES INC. ("MZO")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: April 24, 2008
TSX Venture Tier 2 Company
The Company's Initial Public Offering ("IPO") Prospectus dated February 28, 2008, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario Securities Commissions on February 29, 2008, pursuant to the provisions of the respective Securities Acts.
The gross proceeds received by the Company for the Offering were $1,500,000, consisting of 5,000,000 units at $0.30 per unit. Each unit is comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.40 per share for a period of 18 months from closing of the Offering. The Company is classified as a 'Mineral Exploration' company.
Commence Date: At the opening Friday, April 25, 2008, the common shares will commence trading on TSX Venture Exchange.
Corporate Jurisdiction: Canada
Capitalization: unlimited common shares with no par value of which 12,118,332 common shares are issued and outstanding.
Escrowed Shares: 4,300,000 common shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: MZO
CUSIP Number: 578869 10 9
Agent: Haywood Securities Inc.
Agent's Warrants: 500,000 non-transferable purchase warrants. One warrant to purchase one unit at $0.30 per unit for a period of 18 months (each unit having the same terms as the units sold pursuant to the Offering).
For further information, please refer to the Company's Prospectus dated February 28, 2008.
Company Contact: Todd Opalick
Company Address: 5420 Canotek Road, Suite 103, Ottawa, Ontario K1J 1E9
Company Phone Number: (613) 742-1419
Company Fax Number: (613) 241-8632


