Actus Minerals-Financings
April 13 2011 - 5:11PM
Marketwired
Actus Minerals Corp. (the "Company") (TSX VENTURE: AAC) is pleased
to announce that it has completed its previously announced,
(February 25, 2011) private placement of 3,500,000 Units. Each Unit
consists of one common share and one, two year share purchase
warrant to purchase an additional common share at $0.12 expiring
March 11, 2013. Gross proceeds of $210,000 will be used for general
working capital. The Company paid an aggregate of $11,760,
representing a 7% finders' fee on certain portions of the
placement. The shares issued under the placement are subject to a
hold period trading restriction expiring July 12, 2011.
The Company wishes to also announce that it has negotiated a new
placement of up to 5,000,000 Units at a price of $0.10 per Unit.
Each Unit consisting of one common share and one, two year share
purchase warrant entitling the holder to purchase an additional
common share at a price of $0.12 per share. Gross proceeds of up to
$500,000 will be used to fund its summer exploration activities and
general working capital.
The Company has also negotiated a new placement of up to
3,000,000 Flow Through Units ("FT Units") at a price of $0.12 per
FT Unit. Each FT Unit consisting of one common flow through share
and one, two year share purchase entitling the holder to purchase
an additional common share at a price of $0.20 per share. The full
FT Unit price will qualify as Canadian Exploration Expenses. Gross
proceeds of up to $360,000 will be used to fund the Company's
2011Quebec exploration activities. This Flow Through private
placement replaces the previously announced Flow Through private
placement (February 25, 2011).
The Company will pay to eligible finders', a finders' fee of 10%
of the gross proceeds in cash and 10% of the number of Units and FT
Units sold, in warrants exercisable for a period of one year at
$0.12 on both of the proposed financings.
All securities issued pursuant to the private placements will be
subject to a four month hold period trading restriction.
ACTUS MINERALS CORP.
Carl von Einsiedel, Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Actus Minerals Corp. Investor relations
604-678-9639
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