Animas Resources Closes $1,015,000 Financing
June 21 2011 - 8:45AM
Marketwired
Animas Resources Ltd. (TSX VENTURE: ANI) Animas Resources announces
that it has closed the non-brokered private placement announced on
June 9, 2011 for gross proceeds of $1,015,000.
Animas is focused on advancing the Santa Gertrudis gold deposit
in Northern Mexico. In 2010, Animas completed an updated NI
43-101-compliant resource estimate technical report (see news
release on January 5, 2011) and as part of that process, the
geological team, lead by Greg McKelvey and John Wilson, identified
14 specific untested gold targets with potential to add to the near
surface precious metal resource base at the Santa Gertrudis gold
deposit.
The Santa Gertrudis gold deposit was a former gold producing
mine in the 1990s using low cost open pit mining and heap leaching
of ores. Animas is also assessing the costs of preparing
feasibility studies that contemplate moving Santa Gertrudis back
into production given the high gold prices at present.
Gregory E. McKelvey noted that "this financing shows the support
that Animas has from it's core shareholders and insiders and their
confidence in the Company to advance its projects. With current
record high gold prices and our resource reports updated last year,
we plan to look at the next stages of exploration and production
costs this summer."
The private placement of 5,075,000 units at $0.20 per unit has
been approved by the TSX Venture Exchange. Each unit is comprised
of one common share and one-half of one non-transferable warrant.
Each whole warrant entitles the holder to purchase one additional
common share for a period of 24 months at a price of $0.30 per
common share. In addition, Finder's Warrants, entitling the holder
to purchase up to 105,000 Units for a period of 24 months from
issue at $0.20 per Unit and cash finder's fees of $21,000 are paid.
All securities issued are subject to a four-month hold period
expiring on October 17, 2011. Insiders invested $350,000 in this
placement.
The financing proceeds will be invested to advance gold
exploration at the Santa Gertrudis gold project in Mexico, for
additional field work on the Kinsley Mountain gold property in
Nevada, and for general corporate purposes.
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, and
Kinsley Mountain in Nevada, USA.
This news release was prepared by Company management, who take
full responsibility for its content.
For additional information, contact Animas Resources Ltd. at
604-687-6197, or 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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