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| Home : AndeanGold Announces Closing of First Tranche of $300,000 Private Placement |
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Aug 12
2014 |
AndeanGold Announces Closing of First Tranche of $300,000 Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 12, 2014) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is pleased to announce that it has closed (the "Closing") the first tranche of its previously announced $300,000 non-brokered private placement (the "Placement") (news release of July 31, 2014). Pursuant to Closing, the Company has issued an aggregate 3,000,000 units ("Units") at a price of $0.05 per Unit to raise aggregate gross proceeds $150,000. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant, each such warrant (a "Warrant") entitling the holder to acquire one additional common share (a "Warrant Share") of the Company at a price of $0.07 for a period of eighteen months from the Closing. The Company anticipates that additional tranche closings of the Placement will take place during August 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1937478&sourceType=3 |
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