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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (84325)	7/2/2020 4:11:35 PM
From: Goose94	Read Replies (2) \| Respond to of 203026

Altan Rio Minerals (AMO.H-V) PP Financing July 2nd 2020 - NR Altan Rio Minerals Ltd. has arranged a non-brokered private placement of up to 8,333,333 units of the company at a price of six cents per unit for gross proceeds to the company of up to $500,000. Each Unit will be comprised of one common share of the Company (each a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), each Warrant entitling the holder thereof to acquire one Common Share at a price of C$0.10 per share for a period of 12 months from the closing date of the Offering. The Company anticipates closing the Offering on or about July 10, 2020. In connection with the Offering, the Company may pay finder's fees of 6% to eligible parties who introduce subscribers under the Offering to the Company. The closing of the Offering and the payment of the finder's fees remain subject to the approval of the TSX Venture Exchange (the "Exchange"). The Company intends to use the proceeds from the Offering to advance its interest in the previously announced transaction with Surveyor Resources Pty Ltd, in connection with its anticipated application to reactivate onto to the main board of the Exchange from NEX (the "Reactivation"), to pay certain creditors and for general working capital and administrative expenses. The Company anticipates applying for the Reactivation shortly after the closing of the Offering and will issue a further press release with additional details in respect of the Reactivation once such application to the Exchange has been made. The Reactivation is subject to the Company meeting the applicable requirements under the policies of the Exchange and receipt of the Exchange's approval with respect to the Company's application to reactivate. For more information contact: Paul Stephen Chief Executive Officer Email: ps@altanrio.com +61 9322 1788 altanrio.com