Article: Baja Mining Corp.: Private Placement.

VANCOUVER, British Columbia -- Baja Mining Corp. (TSX VENTURE:BAJ)

John Greenslade, President of Baja Mining Corp. (the "Company"), is pleased to advise that it has arranged, subject to TSX Venture Exchange approval, a private placement of 1,600,000 Units at a price of $0.75 per Unit for proceeds of $1,200,000 to Fondel Finance B.V., a private holding company owned by Willem C. van't Wout, of Rotterdam, and his family. Each Unit will consist of one common share and one-half share purchase warrant. Each whole warrant will entitle Fondel to purchase a further common share at a price of $1.15 per share. The period to exercise this warrant right will be for a ...

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