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| Home : Alhambra Reaffirms Previously Announced C$5.0 Million Financing |
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Feb 10
2014 |
Alhambra Reaffirms Previously Announced C$5.0 Million Financing |
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CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINKSHEETS:AHBRF)(FRANKFURT:A4Y) ("Alhambra" or the "Corporation"), an international gold explorer and producer, announces that the Corporation is proceeding with the previously announced financing agreement with Global Resources Investment Trust PLC ("GRIT") for C$5.0 million under the same terms and conditions as announced on November 12, 2013. Alhambra will receive 2,764,500 GRIT shares at a deemed value of one British pound (£1.00) per GRIT share. The C$5.0 million convertible note financing will provide the Corporation with the working capital it requires to resume its mining operations in Kazakhstan and to reorganize its outstanding debts. |
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| Source:http://www.marketwired.com/mw/release.do?id=1877240&sourceType=3 |
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