Jean-Raymond Boulle to Underwrite New Financing...
Thursday April 1, 8:59 am Eastern Time
Company Press Release
SOURCE: America Mineral Fields Inc.
America Mineral Fields Inc.
Announces Jean-Raymond
Boulle to Underwrite New Financing
VANCOUVER, British Columbia, April 1 /PRNewswire/ -- America Mineral Fields
Inc. (the ''Company'') (Toronto: AMZ - news) is pleased to announce that it
has reached agreement with its largest shareholder, Jean-Raymond Boulle,
to underwrite up to US$3,000,000 of a proposed private placement. The
terms of the private placement will be determined following discussions with
prospective investors. It is expected that the private placement will be
completed within 60 days.
The proceeds from this financing will provide the Company with sustaining
working capital in the immediate term pending an improvement in capital
markets and a resolution of the conflict in the Democratic Republic of the
Congo. Pending completion of the proposed financing, Mr. Boulle, through
an affiliated entity, has advanced the Company a bridge loan of
US$750,000.
Mr. Boulle stated, ''America Mineral Fields has world-class assets and now
has in place a management team capable of realizing the full potential of
those assets. My continuing financial support of the Company clearly
indicates my confidence in its future.''
Tim Read, Chief Executive Officer of the Company stated, ''With the current
world-wide shortage of capital for junior mining companies, America Mineral
Fields has the unique advantage of Mr. Boulle's continuing robust support.
We are very pleased with this expression of confidence from him.''
On behalf of the Board of
America Mineral Fields Inc.
"Bernard Vavala"
Bernard Vavala, Chairman
SOURCE: America Mineral Fields Inc. |
