MDN Inc. announces that it has increased its participation in Minéraux Crevier Inc. from 38.5% to 67.5% by acquiring the equity interests of minority shareholders. The two shareholders of MCI are now MDN with 67.5% and IAMGOLD with 32.5%.

The acquisition was paid in cash for an amount of $582,750 and by the issuance of 3,349,777 common shares of MDN Inc.

As a reminder, MCI holds 100% of a niobium and tantalum project, located north of Lac St-Jean in the province of Quebec. A feasibility study on the project is currently ongoing.