Investor Urion Mining International purchases shares at C$0.77 apiece
By Devika Patel
Knoxville, Tenn., Feb. 1 - Andean American Gold Corp. said it settled a private placement of stock. The offering raised C$15.07 million.
The company sold 19,574,605 common shares at C$0.77 apiece to Urion Mining International BV. The price per share is an 18.95% discount to the Jan. 31 closing share price of C$0.95.
Based in Vancouver, B.C., Andean is a gold exploration, mining and development company.
| Issuer: | Andean American Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$15,072,446
|
| Shares: | 19,574,605
|
| Price: | C$0.77
|
| Warrants: | No
|
| Investor: | Urion Mining International BV
|
| Settlement date: | Feb. 1
|
| Stock symbol: | TSX Venture: AAG
|
| Stock price: | C$0.95 at close Feb. 1
|
| Market capitalization: | C$97.66 million
|
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