Mineral & Financial: Ascendant Resources Conditional Combination with Cerrado Gold

Mineral and Financial Investments Limited (MAFL)  notes the recent announcement by one of its Investee Companies, Ascendant Resources Inc. ("Ascendant") (TSX: ASND) that it has entered into an agreement with Cerrado Gold Inc. (TSXV: CERT), subject to certain conditions (the "Proposed Ascendant Transaction").