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Amarium Secures US $3.15 Million Financing with Anglo Asia Resource Partners
Amarium Secures US $3.15 Million Financing with Anglo Asia Resource Partners.
About this update from Calissio Resources Group Inc
[{"type":"text","content":"\n\n\n\nAmarium Secures US $3.15 Million Financing with Anglo Asia Resource Partners\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmarium Secures US $3.15 Million Financing with Anglo Asia Resource Partners\nPR Newswire\nLAS VEGAS, Aug. 19, 2014\n\n\n\n\n\n\n\nLAS VEGAS, Aug. 19, 2014 /PRNewswire/ -- Amarium Technologies, Inc. (PINKSHEETS: AMMG), through it's wholly owned subsidiary Amarium Minerals Inc., has secured a US $3.15 Million financing with Anglo Asia Resource Partners. Repayment of this financing will be in the form of a revenue streaming agreement with Anglo Asia receiving 75% of all net revenue until payback and 22% of all net revenue in perpetuity. The previous sales contract with Anglo Asia receiving 18% of all production at a discounted price of $0.75 USD per pound will remain in effect along with this new streaming agreement.  \n\n\"Anglo Asia has been a key partner and a major factor in the Company's ability to execute our strategic goals. We are very pleased that Anglo Asia has entered into this new revenue streaming agreement to become a major stakeholder of the Company and give us the ability to expand our growth opportunities going forward,\" said Adam Carter, the President and CEO of Amarium Minerals. \"Anglo Asia provides Amarium with solid financial backing and the foundation required to continue building out the Company's mission of becoming a mid-tier copper producer within Latin America. Amarium is committed to adding the necessary elements to the Company to take it to the next level in the near term.\"\n\nAnglo Asia Resource Partners is a private Hong Kong partnership that is focused on procuring precious metals for the Asian market's manufacturing and industrial supply chain. \n\nAmarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunit...