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

To: Goose94 who wrote (90159)	7/15/2020 3:08:31 PM
From: Goose94	Read Replies (2) \| Respond to of 203329

Altan Rio Minerals (AMO.H-V) Closes $500k PP July 15, '20 - NR Altan Rio Minerals Ltd. has closed its previously announced non-brokered private placement of units. The Private Placement raised gross proceeds of approximately $500,000 through the sale of 8,333,331 units (each a "Unit") at a price of C$0.06 per Unit. Each Unit consisted 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"), with each Warrant entitling the holder thereof to acquire one Common Share at a price of C$0.10 per share until July 15, 2021. The Company intends to use the proceeds from the Private Placement to advance its interest in the previously announced transaction with Surveyor Resources Pty Ltd, in connection with its anticipated application to reactivate onto the main board of the TSX Venture Exchange from the NEX board, to pay certain creditors and for general working capital and administrative expenses. The Company will pay a finder's fee of C$15,726 to North Beach Mining Pty Ltd. in connection with the Private Placement. The securities underlying the Units sold in the Private Placement are subject to a statutory resale hold period under applicable Canadian securities laws which expires on November 16, 2020. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information contact: Paul Stephen Chief Executive Officer Email: ps@altanrio.com +61 9322 1788 altanrio.com