Animas Resources Announces $1.6 Million Financing
November 02 2010 - 9:00AM
Marketwired
Animas Resources Ltd. (TSX VENTURE: ANI) is pleased to announce
that it has agreed to complete a non-brokered private placement of
4,571,428 units (a "Units") at $0.35 per Unit for gross proceeds of
$1.6 million, subject to acceptance by the TSX Venture Exchange.
Each Unit is comprised of one common share and one-half of one
non-transferable common share purchase warrant. Each warrant
entitles the holder to purchase one additional common share for a
period of 24 months at a price of $0.55 per common share.
The financing will be taken up by a group of strategic investors
who have been long term supporters of Animas in the past, both
financially, and by assisting with growth strategies and contact
networks. Insiders of Animas will be participating for more than
25% of the placement. The securities will have a four-month hold
from closing.
The financing proceeds will be used for mineral exploration in
the Golden Arrow and Kinsley Mountain properties in Nevada and
general corporate purposes. Finder's fees of 7% cash and 7%
warrants may be paid on a portion of these offerings.
About Animas Resources Ltd.
Animas Resources Ltd.'s mission is to grow the Company through
discovery and acquisition of high-quality mineral deposits of a
significant size and to build upon the historic and current gold
resources. The Company maintains a pipeline of only the highest
quality projects including Santa Gertrudis in Sonora Mexico, Golden
Arrow and Kinsley Mountain in Nevada, USA.
This news release was prepared by Company management, who take
full responsibility for its content.
You may register to receive future news releases at
www.animasresources.com.
Gregory E. McKelvey, President & Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Animas Resources Ltd. Gregory E. McKelvey President
& Director 604-687-6197 604-688-3392 (FAX)
www.animasresources.com
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