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AAC

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Share Name Share Symbol Market Type
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
  0.00 0.00% 0 -

Actus Minerals Property Acquisition-Completion of Financings

29/06/2011 2:18am

Marketwired Canada


Actus Minerals Corp. (TSX VENTURE:AAC) (the "Company") is pleased to announce
that it has closed its previously announced (April 13, 2011) private placement
of Units. The Company had announced that it was planning on placing up to
5,000,000 Units for gross proceeds of $500,000. The Unit placement was
oversubscribed and the Company completed 6,220,000 Units for gross proceeds of
$622,000.00. The Company received regulatory acceptance to the transaction on
May 31, 2011 and has since issued the shares and warrants. The Units consist of
one common share and one share purchase warrant exercisable at $0.12 per share
and expiring May 27, 2013. The securities issued pursuant to the Unit placement
are subject to a trading restriction expiring October 1, 2011.


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

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