BRIEF-Mediterranean Resources advises of receipt of debt financing proposal

March 20 (Reuters) - Mediterranean Resources Ltd MNR.TO :

* Advises of receipt of debt financing proposal

* Received a debt financing proposal from robert abenante, who is also

currently the CEO of Blox Inc

* Offer from abenante contemplates mnr taking on convertible debt of C$1

million in mnr via convertible note

* Board is considering this proposal in light of the equity offer from the

Swiss investors

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