| | Publié le 03 mai 2013 | Announces Closing of First Tranche of $1,000,000 Private Placement |
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AndeanGold Announces Closing of First Tranche of $1,000,000 Private Placement
Vancouver, B.C. - May 3, 2013 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX Venture Exchange: AAU, BVL: AAU) is pleased to announce that it has closed (the "Closing") the first tranche of its previously announced $1,000,000 non-brokered private placement (the "Placement") (news release of April 29, 2013). Pursuant to Closing, the Company has issued an aggregate 4,015,712 units ("Units") at a price of $0.07 per Unit to raise aggregate gross proceeds $281,100. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant, each whole such warrant (a "Warrant") entitling the holder to acquire one additional common share (a "Warrant Share") of the Company at a price of $0.12 for a period of eighteen months from the Closing. The Company anticipates that additional tranche closings of the Placement will take place during May 2013. In accordance with securities legislation currently in effect in Canada, the Shares, the Warrants and the Warrant Shares will be subject to a "hold period" of four months plus one day from the date of closing of the private placement.
The Company will pay finders' fees on portions of the first tranche in the aggregate amount of $16,590 and issue 237,000 warrants, each such warrant entitling the holder to acquire one additional common share of the Company at a price of $0.12 for a period of eighteen months from the Closing.
The proceeds of the Placement will be used principally to fund a Phase II drilling program on the Company's Urumalqui Project in Peru, as well as option payment obligations, and for general working capital purposes.
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. In November 2009, President Correa signed the Mining Regulations into law pursuant to the requirements of the new Mines Law, which was passed in January 2009. This was the final legal precursor to the re-initiation of exploration and mining development in Ecuador. The Company has been issued new mining titles under the new Mines law to its three key Ecuadorian projects and has filed the requisite documents with the Ministry of Non-Renewable Natural Resources and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. In September 2012, MRNNR approved the Company's application to restart exploration programs on its Curiplaya Au-Cu project.
Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.
On Behalf of the Board of Directors of ANDEANGOLD LTD.
Anthony F. Ciali President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Office: Tony Ciali, AndeanGold Ltd. Phone: 732.940.5487 Email: tciali@andeangoldltd.com
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Investor Relations: Jamie Mathers, Ascenta Capital Partners Inc. Phone: 604.684.4743 ext. 236 Toll free: 1.866.684.4743 ext. 236 Email: jamie@ascentacapital.com |
Neither 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.
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Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada
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AndeanGold Announces Closing of First Tranche of $1,000,000 Private Placement
Vancouver, B.C. - May 3, 2013 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX Venture Exchange: AAU, BVL: AAU) is pleased to announce that it has closed (the "Closing") the first tranche of its previously announced $1,000,000 non-brokered private placement (the "Placement") (news release of April 29, 2013). Pursuant to Closing, the Company has issued an aggregate 4,015,712 units ("Units") at a price of $0.07 per Unit to raise aggregate gross proceeds $281,100. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant, each whole such warrant (a "Warrant") entitling the holder to acquire one additional common share (a "Warrant Share") of the Company at a price of $0.12 for a period of eighteen months from the Closing. The Company anticipates that additional tranche closings of the Placement will take place during May 2013. In accordance with securities legislation currently in effect in Canada, the Shares, the Warrants and the Warrant Shares will be subject to a "hold period" of four months plus one day from the date of closing of the private placement.
The Company will pay finders' fees on portions of the first tranche in the aggregate amount of $16,590 and issue 237,000 warrants, each such warrant entitling the holder to acquire one additional common share of the Company at a price of $0.12 for a period of eighteen months from the Closing.
The proceeds of the Placement will be used principally to fund a Phase II drilling program on the Company's Urumalqui Project in Peru, as well as option payment obligations, and for general working capital purposes.
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. In November 2009, President Correa signed the Mining Regulations into law pursuant to the requirements of the new Mines Law, which was passed in January 2009. This was the final legal precursor to the re-initiation of exploration and mining development in Ecuador. The Company has been issued new mining titles under the new Mines law to its three key Ecuadorian projects and has filed the requisite documents with the Ministry of Non-Renewable Natural Resources and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. In September 2012, MRNNR approved the Company's application to restart exploration programs on its Curiplaya Au-Cu project.
Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.
On Behalf of the Board of Directors of ANDEANGOLD LTD.
Anthony F. Ciali President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Office: Tony Ciali, AndeanGold Ltd. Phone: 732.940.5487 Email: tciali@andeangoldltd.com
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Investor Relations: Jamie Mathers, Ascenta Capital Partners Inc. Phone: 604.684.4743 ext. 236 Toll free: 1.866.684.4743 ext. 236 Email: jamie@ascentacapital.com |
Neither 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.
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Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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AndeanGold
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EXPLORATEUR |
CODE : AAU.V |
ISIN : CA03349A2002 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
AndeanGold est une société d’exploration minière d'or basée au Canada. AndeanGold détient divers projets d'exploration au Perou. Ses principaux projets en exploration sont MOLLETURO, SAN BARTOLOMÉ et CURIPLAYA en Equateur et RIO SECO et URULMAQUI au Perou. AndeanGold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,2 millions CA$ (3,3 millions US$, 3,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 janvier 2007 à 0,58 CA$, et son plus bas niveau récent le 09 juin 2023 à 0,01 CA$. AndeanGold possède 103 930 000 actions en circulation. |
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