(via Thenewswire.ca)
Anglo Canadian Mining Corp. ("Anglo Canadian" or the "Company") (TSX Venture: URA) is pleased to announce it intends to complete a private placement for gross proceeds of CDN $130,000 through the issuance of 500,000 non flow-through Units at $0.065 per Unit and 1,500,000 flow-through Units at $0.065 per Unit. Each non flow-through Unit will consist of one common share and one share purchase warrant with an exercise price of $0.10 for a period of 24 months. Each flow-through Unit will consist of one flow-through share and one-half non flow-through share purchase warrant with an exercise price of $0.10 for a period of 24 months.
A finder's fee may be paid in conjunction with this private placement. Funds raised from this financing will be used for continued exploration of British Columbia copper and gold projects.
About Anglo Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper, gold and uranium properties in Quebec, Colorado, British Columbia, and Yukon. For more information on the Company and its projects, please visit the website at www.anglocanex.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com
Neither 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.
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