Asian Mineral Resources Shares for Debt Transaction
September 04 2019 - 10:02AM
Asian Mineral Resources Limited (the “Company”)
(ASN-TSXV) is pleased to announce that the Company has closed the
second tranche of its non-brokered financing, previously announced
on July 16th. The Company issued 4,800,000 units at a price
$0.075 per unit, for $360,000 in a transaction categorized as
Shares for Debt. The debt relates to Subscription Advances made by
investors as disclosed in a news release on October 11, 2018.
Each unit will consist of one common share of the Company,
and one common share purchase warrant entitling the holder to
acquire one common share at a price of $0.10 per common share for
24 months following the closing. All securities issued
pursuant to the private placement will be subject to a four-month
hold period.
Proceeds of the private placement will be used to investigate
new business opportunities and for ongoing administrative
expenditures.
For further information:
Paula KemberChief Financial OfficerTelephone: +1 (416)
360-3412
Neither the 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.
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