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Article: Andean American Announces Closing of 4.2 Million Unit Financing.
- Article from:
- Marketwire Canada
- Article date:
- September 16, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Sep 16, 2009 (Marketwire via COMTEX) -- The Board of Directors of Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce the closing of a non-brokered private placement of 4,234,168 units at a price of C$0.30 per unit. Each unit consists of one common share in the Company and one half of a transferable share purchase warrant. One whole share purchase warrant will entitle the holder to acquire one common share of the Company for C$0.35, expiring two years after closing. There is no forced conversion on the warrants. The units and underlying securities are subject to a mandatory four-month hold period, expiring in ...