By Devika Patel
Knoxville, Tenn., Sept. 11 - Asia Now Resources Corp. said it is seeking shareholder approval for a C$4.27 million non-brokered private placement of common shares.
The company plans to sell 8,533,681 common shares at C$0.50 apiece to China Gold Pte. Ltd.
Proceeds will be used for exploration and development of Asia Now's properties in China, in particular, the two key projects at Habo and Beiya in Yunnan Province, as well as for general corporate and working capital purposes.
Based in Toronto, Asia Now acquires and develops mineral properties in China.
| Issuer: | Asia Now Resources Corp.
|
| Issue: | Common shares
|
| Amount: | C$4,266,840.50
|
| Shares: | 8,533,681
|
| Price: | C$0.50
|
| Warrants: | No
|
| Underwriters: | Non-brokered
|
| Investor: | China Gold Pte. Ltd.
|
| Pricing date: | Sept. 11
|
| Stock symbol: | TSX Venture: NOW
|
| Stock price: | C$0.28 at close Sept. 10
|
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