New Issue: Amazon Goldsands wraps $1.88 million private placement of equity units

By Devika Patel

Knoxville, Tenn., March 26 - Amazon Goldsands Ltd. raised $1.88 million in a private placement of units on March 25, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 18.75 million units of one common share and one warrant at $0.10 apiece. The warrants are each exercisable at $0.10 for one year.

The mineral explorer is based in Vancouver, B.C.

Issuer:	Amazon Goldsands Ltd.
Issue:	Units of one common share and one warrant
Amount:	$1,875,000
Units:	18.75 million
Price:	$0.10
Warrants:	One warrant per unit
Warrant expiration:	One year
Warrant strike price:	$0.10
Settlement date:	March 25
Stock symbol:	OTCBB: AZNG
Stock price:	$0.30 at close March 25
Market capitalization:	$3.93 million

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