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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 | - |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Actus Minerals Corp. (TSX VENTURE:AAC) (the "Company") wishes to announce that the Company will seek TSX Venture Exchange approval to consolidate its current common shares without par value on a five (5) current common shares into one (1) new post-consolidated share. The Company currently has 29,356,346 shares issued, post consolidation the Company will have 5,871,269 common shares issued and outstanding. The Company wishes to also announce that, subject to the approval of the Exchange, it intends to complete a non-brokered post consolidated private placement of up to 6,000,000 Units at a price of $0.05 per Unit. Each Unit consisting of one post consolidated common share and one, three year share purchase warrant entitling the holder to purchase an additional post consolidated common share at a price of $0.05 per share in year one and two and $0.10 thereafter until expiry. Gross proceeds of up to $300,000 will be used for general overhead and operating expenses. The Company has engaged the services of Ariel Partners LLP of London, England to assist in the non-brokered financing. The Company will pay, a finders' fee of up to 10% of the gross proceeds in cash and up to 10% of the number of Units sold, in finders' warrants for a period of one year at $0.05 on the proposed financing. All securities issued pursuant to the private placement will be subject to a four month hold period trading restriction ACTUS MINERALS CORP. "Carl von Einsiedel" Carl von Einsiedel, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations 778.881.7400
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