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TORONTO, ONTARIO--(Marketwired - July 28, 2016) - Ennio D'Angela announces that, pursuant to a share purchase agreement dated July 27, 2016, he and persons acting jointly or in concert with him (the "Purchasers") have acquired 20,000,000 units (the "Purchased Units") of Anaconda Mining Inc. (the "Company") at a price of $0.0525 per Purchased Unit for an aggregate acquisition cost of $1,050,000. Each Purchased Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, an "Anaconda Warrant"). Each Anaconda Warrant entitles the Purchasers to purchase one common share of the Company until July 27, 2017 at a price of C$0.10. The Purchasers acquired the Purchased Units as part of a structured transaction involving the issuance of units by the Company to an investor by way of private placement (the "Issued Units"), each Issued Unit consisting of one "flow-through share" (within the meaning of the Income Tax Act (Canada)) and one-half of common share purchase warrant of the Company, the donation of the Issued Units acquired by such investor to a charity, and the subsequent resale of the Issued Units by the charity to the Purchasers (the "Transaction"). |
