Business
Asiamet Closes Private Placement
Asiamet Closes Private Placement.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n Asiamet Closes Private PlacementAsiamet Resources Limited (the \"Company\") is pleased to announce that it has closed a brokered private placement announced on April 22, 2016. The Company has issued and settled through CREST 48,387,097 common shares at a price of GBP 3.1 pence per share for total gross proceeds of £1.5 million (equivalent to approximately CDN $2.7 million at CDN $0.056 per share).The Company paid an aggregate of £70,037 in fees to the broker and issued 2,147,581 common shares purchase warrants to the broker with each warrant exercisable at a price of C$0.06 per share for a period of two years. The participating investors include clients of the Company's UK broker agent, Optiva Securities Limited. The common shares issued and any common shares issued on exercise of the broker warrants are restricted from trading in Canada through the TSX Venture Exchange until August 27, 2016. The Admission to AIM and dealings in the placement shares will commence on April 27, 2016. The total number of common shares in issue following completion of the placement is 622,984,168.ON BEHALF OF THE BOARD OF DIRECTORSTony Manini, Deputy Chairman and CEOFor further information please contact: -Ends-Tony ManiniDeputy Chairman and CEO, Asiamet Resources LimitedTelephone: +61386441300Email: [email protected] LimitedSasha SethiTelephone: +44 (0) 7891 677 441Email: [email protected] / [email protected] Resources Nominated AdviserRFC Ambrian LimitedAndrew Thomson / Oliver MorseTelephone: +61 8 9480 2500Email: [email protected] / [email protected] Capital LimitedAndrew Raca / Justin McKeeganTelephone: +44 20 3005 5004 / +44 20 3005 5009Email: [email protected] Securities LimitedChristian DennisTelephone: +44 20 3137 1903Email: [email protected] 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.United States AdvisoryThe securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S prom...