Anglo-Canadian Mining Corp. Announces Closing of First Tranche of $200,000 Private Placement
October 09 2013 - 4:13PM
Access Wire
Anglo-Canadian Mining
Corp. (TSX-V: URA) (the "Company") announces it has closed the
first tranche of its previously announced $200,000 private
placement (announced August 8, 2013). Pursuant to the closing, the
Company issued 1,512,500 flow-through units at $0.05 per unit and
200,000 non-flow through units at $0.05 per unit for gross proceeds
of $85,625. Each flow-through unit consists
of one common share of the Company and one-half of one common share
purchase warrant, each whole warrant entitling the holder to
acquire one additional common share of the Company for a period of
2 years at $0.08 in the first year and $0.12 in the second year.
Each non flow-through unit consists of one common share of the
Company and one common share purchase warrant entitling the holder
to acquire one additional common share of the Company for a period
of 2 years at $0.08 in the first year and $0.12 in the second
year.
The Company also announces that Mr.
Peter Espig, a director of the Company, has resigned to pursue
other interests. The Company wishes to thank Mr. Espig for his
services and wish him much success in his future
endeavors.
ON BEHALF OF THE BOARD OF DIRECTORS
"Len
J.Harris"
Len J. Harris,
President
T: 604 669 6807
Toll Free: 866 488 3838
E:
len@anglocanex.com
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.