New Issue: Asian Mineral pockets C$1.05 million from private placement of shares

By Devika Patel

Knoxville, Tenn., June 15 - Asian Mineral Resources Ltd. announced it completed a C$1.05 million private placement of shares. The deal priced for between C$3 million and C$5 million on May 29.

The company sold 11,718,637 common shares at C$0.09 apiece.

Asian Mineral is a Toronto-based mineral exploration company. Its Ban Phuc Nickel deposit contains more than 121,000 tons of nickel within both massive sulphide and disseminated host rocks.

Issuer:	Asian Mineral Resources Ltd.
Issue:	Common shares
Amount:	C$1,054,677
Shares:	11,718,637
Price:	C$0.09
Warrants:	No
Pricing date:	May 29
Settlement date:	June 15
Stock symbol:	TSX Venture: ASN
Stock price:	C$0.14 at close May 28
Market capitalization:	C$14 million

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