Aegean Metals Group (AGN-V) completes $442,166 financing
Aug 30, 2013 - News Release
On Aug. 29, 2013, Aegean Metals Group Inc. completed a non-brokered private placement of 4,442,166 units at a price of 10 cents per unit for a total subscription price of $442,166.60. Each unit consisted of one common share of the company and one common share purchase warrant entitling the holder thereof to purchase an additional common share of the company at a price of 15 cents per share until Aug. 29, 2015. In connection with the private placement, the company has agreed to pay a finder's fee to Haywood Securities Inc. of 6 per cent on the portion of the gross proceeds raised under the private placement with the assistance of the finder, in accordance with the TSX Venture Exchange policies.
Gross proceeds of the private placement will be used for new project generation, to finance additional exploration activities on its properties in Turkey, as well as general and administrative expenses.
The offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX-V. The securities will be subject to a resale restriction for a period of four months plus one day expiring on Dec. 30, 2013.
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