Augyva Announces Private Placement Offering
2014年4月7日 - 10:15PM
Marketwired
Augyva Announces Private Placement Offering
MONTREAL, QUEBEC--(Marketwired - Apr 7, 2014) - Augyva Mining
Resources Inc. (TSX-VENTURE:AUV) ("Augyva" or the "Company") is
pleased to announce it has received conditional approval from the
TSX Venture Exchange (TSXV) to complete a non-brokered private
placement offering of a minimum of 26,086,956 units and up to a
maximum of 43,478,260 units of the Company (each, a "Unit") at a
price of $0.115 per Unit for aggregate minimum gross proceeds of $3
million and maximum gross proceeds of $5 million (the "Offering").
Each Unit will consist of one common share of the Company (each, a
"Placement Share") and one common share purchase warrant (each, a
"Warrant"). Each Warrant will entitle the holder to purchase one
common share of the Company (each, a "Warrant Share") at an
exercise price of $0.14 at any time prior to 5:00 p.m. (Toronto
time) on the date that is 5 years following the closing date of the
Offering, subject to accelerated expiry in certain circumstances.
If, commencing four months after the closing of the Offering, the
common shares of Augyva trade at or above $0.18 on the TSXV for a
minimum of 30 consecutive trading days, then Augyva shall have the
right to give notice of early expiry of the Warrants. Early expiry
shall accelerate and be automatically amended to be the 30th day
after the date on which Augyva gives notice to the holders of
Warrants of such acceleration.
Augyva intends to use the net proceeds from the Offering to
finance future acquisitions, general corporate purposes and working
capital, including for the engagement of a full time Chief
Executive Officer and other staff as required. The Placement
Shares, the Warrants and the Warrant Shares will be subject to a
hold period expiring four months and one day after closing of the
Offering.
Augyva is also pleased to announce that it has appointed Kuldeep
Billan, CFA, a Director of Augyva, to act as full time Chief
Executive Officer of the Company with such appointment conditional
upon the closing of the Offering.
The closing of the Offering is expected to occur in one or more
tranches over the next week. There are no finder's fees associated
with the Offering. Closing of the Offering is subject to receipt of
the requisite approvals, including approval of the TSXV.
About Augyva Mining Resources Inc.
Augyva is an exploration and development company holding
five properties located in the James Bay and Abitibi regions of the
Province of Quebec. Its major project is its 35% interest in the
Duncan Lake Iron Property located in the western part of the La
Grande Greenstone Belt. The property is accessible by road and
covers approximately 25,602 hectares. Augyva received the results
of a National Instrument 43-101 compliant Preliminary Economic
Assessment prepared by Met-Chem Canada Inc. in March 2013. The
property is subject to an option and joint venture agreement
between Augyva and Canadian Century Iron Ore Corporation which has
65% interest in the property.
In addition to the Duncan Lake Iron Property, Augyva holds a
100% interest in four other mineral properties, namely: Yasinski
and Kali in the James Bay region and Senneville and Malartic in the
Abitibi region. At these mineral properties, the exploration focus
is for other than iron ore.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain certain forward-looking
information. All statements included herein, other than statements
of historical fact, are forward-looking information and such
information involves various risks and uncertainties. In
particular, this news release contains forward-looking information
relating to the closing of the Offering. There can be no assurance
that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in
such information. In particular, there are
certain known and unknown risks, uncertainties and other factors
that may cause the closing of the Offering not to occur, including
but not limited to: risks related to capital markets, general
economic conditions, legislative and regulatory developments and
the regulatory approval process for the Offering. In addition, a
description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Augyva's disclosure documents on the SEDAR website at
www.sedar.com. Augyva does not undertake to update any forward
looking information except in accordance with applicable securities
laws.
Augyva Mining Resources Inc.Peter R. JonesChairman and Interim
CEO289-837-0143PD123Jones@Gmail.com
Augyva Mining Resources Inc. (TSXV:AUV)
過去 株価チャート
から 9 2024 まで 10 2024
Augyva Mining Resources Inc. (TSXV:AUV)
過去 株価チャート
から 10 2023 まで 10 2024