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TSXV:AAC | TSX Venture | Common Stock |
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The Company wishes to also announce that it has negotiated a new placement of up to 5,000,000 Units at a price of $0.10 per Unit. Each Unit consisting of one common share and one, two year share purchase warrant entitling the holder to purchase an additional common share at a price of $0.12 per share. Gross proceeds of up to $500,000 will be used to fund its summer exploration activities and general working capital.
The Company has also negotiated a new placement of up to 3,000,000 Flow Through Units ("FT Units") at a price of $0.12 per FT Unit. Each FT Unit consisting of one common flow through share and one, two year share purchase entitling the holder to purchase an additional common share at a price of $0.20 per share. The full FT Unit price will qualify as Canadian Exploration Expenses. Gross proceeds of up to $360,000 will be used to fund the Company's 2011Quebec exploration activities. This Flow Through private placement replaces the previously announced Flow Through private placement (February 25, 2011).
The Company will pay to eligible finders', a finders' fee of 10% of the gross proceeds in cash and 10% of the number of Units and FT Units sold, in warrants exercisable for a period of one year at $0.12 on both of the proposed financings.
All securities issued pursuant to the private placements will be subject to a four month hold period trading restriction.
ACTUS MINERALS CORP.
Carl von Einsiedel, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Actus Minerals Corp. Investor relations 604-678-9639
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