Augyva Closes Second Tranche of Private Placement Offering
2014年4月11日 - 3:42AM
Marketwired
Augyva Closes Second Tranche of Private Placement Offering
MONTREAL, QUEBEC--(Marketwired - Apr 10, 2014) - Augyva Mining
Resources Inc. (TSX-VENTURE:AUV) ("Augyva" or the "Company") is
pleased to announce that it has closed the second tranche (the
"Second Tranche") of its previously announced private placement
(the "Offering"), issuing 10,671,743 units of the Company (each a
"Unit") at a price of $0.115 per Unit for aggregate gross proceeds
of $1,227,250.57. Each Unit consists of one common share in the
capital of the Company (a "Common Share") and one common share
purchase warrant (a "Warrant"). Each Warrant will be exercisable
for one common share of the Company (a "Warrant Share") at an
exercise price of $0.14 per Warrant Share at any time prior to 5:00
p.m. (Toronto time) on April 8, 2019, subject to accelerated expiry
in certain circumstances. The Common Shares and Warrants comprising
the Units and any Warrant Shares issued upon the exercise of the
Warrants are subject to a statutory hold period which expires on
August 9, 2014.
A total of 94,590,569 common shares of the Company are
outstanding following the closing of the Second Tranche, inclusive
of 28,456,630 common shares of the Company issued in the first
tranche of the Offering on April 7, 2014.
2,608,696 Units sold in the Second Tranche were subscribed to by
an insider of the Company (the "Insider's Participation"). The
Insider's Participation is exempt from the formal valuation and
shareholder approval requirements provided under TSX Venture
Exchange Policy 5.9 and Multilateral Instrument 61-101. The
exemption is based on the fact that the market value of the
Insider's Participation or the consideration paid by such insider
does not exceed 25% of the market value of the Company. The Company
did not file a material change report at least 21 days prior to the
completion of the Second Tranche since the Insider's Participation
had not been established at that time.
The Offering is subject to receipt of requisite approvals,
including the final approval of the TSX Venture Exchange.
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 further tranches 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
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