LONDON (Dow Jones)--Maghreb Minerals PLC (MMS.LN), which explores for and completes advanced stage evaluation on deposits containing base metals, silver and industrial minerals along the Mejerda zone in northern Tunisia, said Tuesday it has raised GBP100,000.99 through subscriptions for 6.67 million new ordinary shares at 1.5 pence per share. MAIN FACTS: -The net proceeds of the placing will enable the Company to meet its corporate and other operational costs while the Board develops its long term strategy and funding options. -Terra Africa Investments Ltd. is subscribing for new shares in the placing. -Firebird Global Master Fund, Ltd and Firebird Global Master Fund II, Ltd have each also participated in the placing. -Shares at 0710 GMT up 0.12 pence, or 11%, at 1.25 pence valuing the company at GBP2 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com (END) Dow Jones Newswires June 15, 2010 03:15 ET (07:15 GMT)