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MONTREAL, QUEBEC--(Marketwired - April 11, 2014) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva" or the "Company") is pleased to announce that it has closed the third and final tranche (the "Final Tranche") of its previously announced private placement (the "Offering"), issuing 4,349,886 units of the Company (each a "Unit") at a price of $0.115 per Unit for aggregate gross proceeds of approximately $500,000. 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 10, 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 11, 2014. |
