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Hannan Metals Limited

10:07 AM EST - Hannan Metals Limited : Announces a non-brokered private placement financing of up to 5,360,000 units of the Company at a price of $0.25 per Unit for gross proceeds of up to $1,340,000. Each Unit comprises one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of $0.35 for a period of three years from closing of the Offering. Hannan Metals Limited shares V.HAN are trading down $0.01 at $0.26.