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| Home : Antioquia Gold Inc. Announces Private Placement |
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Sep 18
2012 |
Antioquia Gold Inc. Announces Private Placement |
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CALGARY, ALBERTA--(Marketwire - Sept. 17, 2012) - Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX VENTURE:AGD) (OTCQX:AGDXF) announces a non-brokered private placement for aggregate gross proceeds of up to $3,000,000 via the issuance of units (the "Units") at $0.17 per Unit (the "Offering"). Each Unit will be comprised of one common share in the share capital of the Company ("Common Shares") and one-half of one common share purchase warrant of the Company ("Warrants"). Each whole Warrant will entitle the holder thereof to purchase one additional Common Share at a price of $0.30 per share for a period of six (6) months from the date of issuance. The Company may pay a finder's fee in connection with this transaction. The cash proceeds will be added to working capital and thereby used to fund the 2012 fourth quarter drilling program at Cisneros. Completion of the Offering is subject to approval from the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1702365&sourceType=3 |
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