Business
Angkor Announces Private Placement
(TheNewswire) Grande Prairie, AB - TheNewswire - September 13, 2023 - ...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Announces Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Grande\n \n \n Prairie,\n \n \n AB -\n \n \n TheNewswire -\n \n \n September\n13,\n \n \n 2023 -\n \n \n Angkor\n \n \n Resources\n \n \n Corp.\n \n \n (TSXV:ANK\n \n \n )\n \n \n and\n \n \n (\n \n \n OTC:ANKUR) (“Angkor” or “the\nCompany”)\n \n \n announces it intends to complete a\nnon-brokered private placement of up to 3,571,428  units (each a\n\"Unit\") at CAD$0.07 per Unit for gross proceeds of up to\nCAD$250,000 (the \"Offering\"). Each Unit comprised of one (1)\ncommon share in the capital of the Company (each a \"Common\nShare\") and one  transferable Common Share purchase warrant\n(each a \"Warrant\"). Each Warrant entitles the holder to\nacquire one (1) Common Share at CAD$0.10 for three (3) years from the\ndate of issuance.\n \n \n \n \n The Company intends to use the net proceeds from the\nOffering for general working capital purposes.\n \n \n \n \n The Company expects that the participation by directors\nand/or officers (collectively the “\n \n \n Insiders\n \n \n ”) in the\nOffering will be exempt from the formal valuation and minority\nshareholder approval requirements of MI 61-101 pursuant to sections\n5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the\nfair market value of the Units subscribed for by the Insiders, nor the\nconsideration for the Units to be paid by the Insiders, will exceed\n25% of the Company’s market capitalization.\n \n \n \n \n The completion of the Offering is subject to, among\nother things, acceptance of the TSX Venture Exchange (the\n“\n \n \n TSXV\n \n \n ”), and all securities issued pursuant to the Offering will\nbe subject to a four month hold period from the date of\nClosing.\n \n \n \n \n ABOUT\n \n \n ANGKOR\n \n \n RESOURCES\n \n \n CORPORATION:\n \n \n \n \n Angkor Resources Corp. is a public company, listed on\nthe TSX-Venture Exchange, and is a leading\n \n \n resource\n \n \n optimizer\n \n \n in\n \n \n Cambodia\n \n \n working\n \n \n towards\n \n \n mineral\n \n \n and\n \n \n energy\n \n \n solutions\n \n \n across\n \n \n the country.\n \n \n The\n \n \n company\n \n \n holds\n \n \n multiple\n \n \n mineral\n \n \n ...