Business
Ares Strategic Mining Files Amended and Restated Offering Document in Connection with Non-Brokered Private Placement Offering of Units
(TheNewswire) NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICE...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Files Amended and Restated Offering Document in Connection with Non-Brokered Private Placement Offering of Units\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 \n NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE\nSERVICES\n \n \n \n \n Vancouver, B.C. -\n \n TheNewswire -\n \n June 18, 2024\n— Ares Strategic Mining Inc. (CNSX: ARS) (“\n \n Ares\n \n ” or the “\n \n Company\n \n ”) wishes to announce that,\nfurther to its news release dated May 10, 2024, it has filed an\namended and restated offering document (the “\n \n Amended Offering Document\n \n ”) in\nconnection with its previously announced non-brokered private\nplacement offering of a minimum of 5,555,555 units and a maximum of\n22,222,222 units of the Company (each, a “\n \n Unit\n \n ”) at a price of $0.18 per\nUnit for gross proceeds of a minimum of $1,000,000 (the “\n \n Initial Minimum Offering\n \n ”) and a\nmaximum of up to $4,000,000 pursuant to the listed issuer financing\nexemption under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (the “\n \n LIFE Offering\n \n ”).  In connection\nwith the LIFE Offering, the Company filed an offering document dated\nMay 9, 2024 (the “\n \n Initial Offering\nDocument\n \n ”). On May 31, 2024, under the Initial Offering\nDocument, the Company closed the first tranche of the LIFE Offering\nand raised gross proceeds of $1,077,297.28.  On June 7, 2024, the\nCompany closed the second tranche of the LIFE Offering under the\nInitial Offering Document and raised gross proceeds of $996,709.86,\nfor total gross proceeds from both tranches of $2,074,007.14.\n \n \n The Initial Offering Document is being amended to: (i) remove the\nInitial Minimum Offering, and (ii) offer up to 16,111,111 units at\n$0.18 per Unit for gross proceeds of up to $2,900,000 (the “\n \n Amended LIFE Offering\n \n ”).  Upon\nthe filing of the Amended Offering Document, the Amended LIFE Offering\nwill be extended to the date that is 45 days from the date of this\nnews release.  The Amended LIFE Offering is being made available to\npurchasers resident in each of the P...