By Laura Lutz
Washington, Nov. 29 - Asian Mineral Resources Ltd. wrapped a private placement for C$4,779,375.
The company sold 6,372,500 shares at C$0.75 each.
Cambrian Mining plc subscribed for 1,300 shares, and Dragon Capital Funds bought 4,572,500 shares.
Proceeds will be used for the company's Ban Phuc nickel project in northern Vietnam and for working capital.
Asian Mineral is a resource exploration company based in Toronto.
| Issuer: | Asian Mineral Resources Ltd.
|
| Issue: | Shares
|
| Amount: | C$4,779,375
|
| Shares: | 6,372,500
|
| Price: | C$0.75
|
| Warrants: | No
|
| Settlement date: | Nov. 29
|
| Stock symbol: | TSX Venture: ASN
|
| Stock price: | C$0.92 at close Nov. 29
|
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