Actus Minerals Property Acquisition-Completion of Financings
June 28 2011 - 8:18PM
Marketwired
Actus Minerals Corp. (TSX VENTURE: AAC) (the "Company") is pleased
to announce that it has closed its previously announced (April 13,
2011) private placement of Units. The Company had announced that it
was planning on placing up to 5,000,000 Units for gross proceeds of
$500,000. The Unit placement was oversubscribed and the Company
completed 6,220,000 Units for gross proceeds of $622,000.00. The
Company received regulatory acceptance to the transaction on May
31, 2011 and has since issued the shares and warrants. The Units
consist of one common share and one share purchase warrant
exercisable at $0.12 per share and expiring May 27, 2013. The
securities issued pursuant to the Unit placement are subject to a
trading restriction expiring October 1, 2011.
The Company paid an aggregate finders' fee of $61,200.00 in cash
and issued 612,000 warrants exercisable at $0.12 and expiring May
27, 2012. The finders' fee was payable to Union Securities Ltd., as
to $31,200 and 312,000 warrants; Canaccord Genuity Corp., as to
$25,000 and 250,000 warrants; and 4552083 Canada Inc. as to $5,000
and no warrants.
Also, announced in the April 13, 2011 news release, was a
private placement of up to 3,000,000 flow-through units. The
Company completed 1,180,000 flow-through units for gross proceeds
of $141,600.00 and received regulatory acceptance to the
transaction on June 7, 2011. The flow- through units consist of one
flow-through common share and one share purchase warrant
exercisable at $0.20 per share and will expire on June 13, 2013.
Further, the Company will pay an aggregate finders' fee of $12,960
and issue 88,000 warrants exercisable at $0.12 expiring on June 13,
2012. The finders' fee is payable as to $10,560.00 and 88,000
warrants to Union Securities Ltd., and $2,400 and no warrants to
7714491 Canada Inc. The securities issued pursuant to the
flow-through unit placement are subject to a trading restriction
expiring October 14, 2011.
Funds raised from both placements will be used for exploration
on the Company's properties and additional working capital for the
Company.
On behalf of the Board of Directors
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
604-682-8094 (FAX)
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