Business
Anconia Announces Private Placement
TORONTO, ONTARIO--(Marketwired - July 4, 2016) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - July 4, 2016) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Anconia Resources Corp. (TSX VENTURE:ARA) (\"Anconia\") is pleased to announce that it is has closed a non-brokered private placement offering (the \"Offering\"). Anconia issued 2,000,000 units (\"Units\") at a price per unit of $0.05 for gross proceeds of $100,000. Each Unit consists of one common share of Anconia and one common share purchase warrant (a \"Unit Warrant\"). Each Unit Warrant entitles the holder to purchase one common share of Anconia at a price of $0.07 per share for a period of 36 months following the date of issuance. The common shares and Unit Warrants issued under the Offering are subject to a statutory hold period until November 5, 2016. The aggregate proceeds raised under the Offering will be used for working capital purposes, and exploration activities as well as potential acquisitions. The Offering remains open to other potential investors on the same terms and is subject to final acceptance by the TSX Venture Exchange. About Anconia Anconia is a base and precious metals exploration and development company, which is focused on providing shareholder value through the advancement of its properties in its portfolio. Anconia is undertaking comprehensive exploration programs to determine the potential of its current projects. Forward-Looking Information This news release contains forward-looking statements and information under applicable securities laws, including with respect to the anticipated use of the proceeds of the Offering and the completion of a second tranche and the timing related thereto. Words such as \"may\", \"will\", \"should\", \"anticipate\", \"plan\", \"expect\", \"believe\", \"estimate\" and similar terminology are used to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management of Anconia in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and ot...