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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 | - |
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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