Amerix (APM-V) closes $2.23-million private placement
Oct 30, 2012 - News Release
Amerix Precious Metals Corp. has closed its previously announced fully marketed private placement led by Canaccord Genuity Corp. The company issued a total of 18,661,500 units at a price of 12 cents per unit for gross proceeds of $2,239,380. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 18 cents for up to 24 months.
The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The common shares and warrants comprising the units will be subject to resale restrictions until March 1, 2013, under applicable securities legislation and TSX-V rules.
In connection with the offering, the agent was paid a cash commission in an amount equal to 6.5 per cent of the gross proceeds of the offering and was issued compensation options in an amount equal to 6.5 per cent of the number of units sold in the offering, with each such compensation option exercisable to acquire one unit of the company until Oct. 30, 2014, at the offering price. The compensation options and underlying common shares and warrants will be subject to resale restrictions until March 1, 2013, under applicable securities legislation and TSX-V rules.
The net proceeds raised under the offering will be for the advancement of the company's Limao project and for general working capital purposes.
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