By Devika Patel
Knoxville, Tenn., May 13 - Animas Resources Ltd. said it completed a C$1.4 million non-brokered private placement of units.
The company sold 4 million units at C$0.35 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.55 for 18 months.
Proceeds will be used for exploration, drilling and general working capital.
Animas Resources is a mineral resource company based in Vancouver, B.C.
| Issuer: | Animas Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.4 million
|
| Units: | 4 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Settlement date: | May 13
|
| Stock symbol: | TSX Venture: ANI
|
| Stock price: | C$0.42 at close May 13
|
| Market capitalization: | C$15.5 million
|
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