Offering funds advancement of Limão project, general working capital
By Devika Patel
Knoxville, Tenn., Sept. 26- Amerix Precious Metals Corp. announced it plans a C$3 million private placement of units. Canaccord Genuity Corp. is the agent.
The company will sell units of one common share and one half-share warrant at C$0.12 per unit.
Each whole warrant is exercisable at C$0.18 for two years. The strike price is a 38.46% premium to the Sept. 25 closing share price of C$0.13.
Settlement is expected on Oct. 17.
Proceeds will be used to advance the Limão project and for general working capital purposes.
Amerix, based in Toronto, is a precious metals explorer.
Issuer: | Amerix Precious Metals Corp.
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Issue: | Units of one common share and a half-share warrant
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Amount: | C$3 million
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Price: | C$0.12
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.18
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Agents: | Canaccord Genuity Corp.
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Pricing date: | Sept. 26
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Settlement date: | Oct. 17
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Stock symbol: | TSX Venture: APM
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Stock price: | C$0.13 at close Sept. 25
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Market capitalization: | C$7.32 million
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