|VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2009) - Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) (the "Company") announces that it has completed the consolidation of its common shares on the basis of one (1) "new" common share for three (3) "old" common shares as approved by shareholders at the Company's Annual General and Special Meeting held on March 27, 2009. The common shares of the Company commenced trading on the TSX Venture Exchange on a consolidated basis on April 13, 2009.
The name of the Company has not been changed.
Letters of transmittal describing the process by which shareholders may obtain new share certificates representing their consolidated common shares were mailed to all registered shareholders on or about April 14, 2009. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest lower whole number.
Following the consolidation, the Company had 24,460,299 common shares, 12,203,904 warrants and 1,287,500 options issued and outstanding, for a fully diluted total of 37,951,703 common shares.
About Hana Mining
Hana Mining is a junior exploration company seeking to acquire, explore and develop highly prospective precious, base metal and other mineral projects worldwide with emphasis in southern Africa. The Company has the right to acquire a 70% controlling interest in the Ghanzi Copper-Silver Project. The property consists of five license blocks covering 2,200 square kilometers that contain widespread sediment-hosted copper-silver mineralization.