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Share Name | Share Symbol | Market | Type |
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TSXV:AAC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
The Company paid an aggregate finders' fee of $61,200.00 in cash and issued 612,000 warrants exercisable at $0.12 and expiring May 27, 2012. The finders' fee was payable to Union Securities Ltd., as to $31,200 and 312,000 warrants; Canaccord Genuity Corp., as to $25,000 and 250,000 warrants; and 4552083 Canada Inc. as to $5,000 and no warrants.
Also, announced in the April 13, 2011 news release, was a private placement of up to 3,000,000 flow-through units. The Company completed 1,180,000 flow-through units for gross proceeds of $141,600.00 and received regulatory acceptance to the transaction on June 7, 2011. The flow- through units consist of one flow-through common share and one share purchase warrant exercisable at $0.20 per share and will expire on June 13, 2013. Further, the Company will pay an aggregate finders' fee of $12,960 and issue 88,000 warrants exercisable at $0.12 expiring on June 13, 2012. The finders' fee is payable as to $10,560.00 and 88,000 warrants to Union Securities Ltd., and $2,400 and no warrants to 7714491 Canada Inc. The securities issued pursuant to the flow-through unit placement are subject to a trading restriction expiring October 14, 2011.
Funds raised from both placements will be used for exploration on the Company's properties and additional working capital for the Company.
On behalf of the Board of Directors
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 604-682-8094 (FAX)
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