Proceeds help continue assaying drill core at the Ondundu Gold Project
By Devika Patel
Knoxville, Tenn., June 23 - Angus Mining (Namibia) Inc. said it has negotiated a C$2 million non-brokered private placement of stock.
The company will sell 8 million common shares at C$0.25 apiece, which is identical to the June 22 closing share price of C$0.25.
Settlement is expected in late June. Forsys Metals Corp. will participate in the placement.
Proceeds will be used to continue assaying drill core at the Ondundu Gold Project, for a portion of the purchase price for the Silver Reef acquisition and for general working capital.
Toronto-based Angus is a precious metals exploration company.
| Issuer: | Angus Mining (Namibia) Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 8 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
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| Investor: | Forsys Metals Corp.
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| Pricing date: | June 23
|
| Stock symbol: | TSX Venture: ANA
|
| Stock price: | C$0.25 at close June 22
|
| Market capitalization: | C$7.81 million
|
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