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| Home : AndeanGold Announces Closing of First Tranche of $500,000 Private Placement |
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Aug 27
2013 |
AndeanGold Announces Closing of First Tranche of $500,000 Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2013) - 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 $500,000 non-brokered private placement (the "Placement") (news release of August 22, 2013). Pursuant to Closing, the Company has issued an aggregate 3,500,000 units ("Units") at a price of $0.05 per Unit to raise aggregate gross proceeds $175,000. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant, each whole such warrant (a "Warrant") entitling the holder to acquire one additional common share (a "Warrant Share") of the Company at a price of $0.10 for a period of eighteen months from the Closing. The Company anticipates that additional tranche closings of the Placement will take place during August and September 2013. |
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| Source:http://www.marketwire.com/mw/release.do?id=1824467&sourceType=3 |
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