Amerigo
Announces Closing of Private Placement
VANCOUVER, BRITISH COLUMBIA � February
13/CNW/ - Amerigo Resources Ltd. (TSX:ARG, "Amerigo" or the
"Company") announced today
that it has closed its previously announced non-brokered private placement
(the "Financing") of 37.5 million units (each a "Unit")
at a price of $0.28 per Unit, for aggregate gross proceeds of $10,500,000. Each
Unit consisted of one common share ("Share") and one share purchase
warrant ("Warrant"). Each Warrant entitles the holder to
purchase one additional Share at a price of $0.33 until February 15, 2010,
and thereafter at a price of $0.40 until February 14, 2011. Together with the
issuance of Units for finders' fees in respect of a portion of the Financing,
the Company issued a total of 38,744,400 Units. The net proceeds of the
Financing will be used for working capital purposes.
Amerigo Resources Ltd. is a Canadian company
producing copper and molybdenum from its MVC operations near Santiago,
Chile. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com ;
Listing: ARG:TSX
For
further information, please contact
:
Dr. Klaus Zeitler, President
(604) 681-2802, (604) 218-7013
Amerigo Resources Ltd.
Certain of the information and
statements contained herein that are not historical facts, constitute
�forward-looking information� within the meaning of the Securities Act
(Ontario) and the Securities Act (Alberta) (�Forward-Looking
Information�). Forward-Looking Information is often, but not always,
identified by the use of words such as �seek�, �anticipate�, �believe�,
�plan�, �estimate�, �expect� and �intend�; statements that an event or result
is �due� on or �may�, �will�, �should�, �could�, or might� occur or be
achieved; and, other similar expressions. More specifically,
Forward-Looking Information contained herein includes, without limitation,
information concerning
future tailings
production volumes and the Company's copper and molybdenum production, all of
which involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such Forward-Looking
Information; including, without limitation, material factors and assumptions
relating to, and risks and uncertainties associated with, the supply of
tailings from El Teniente and extraction of tailings from the Colihues
tailings impoundment, the achievement and maintenance of planned production
rates, the evolving legal and political policies of Chile, the volatility in
the Chilean economy, military unrest or terrorist actions, metal price
fluctuations, favourable governmental relations, the availability of financing
for activities when required and on acceptable terms, the estimation of
mineral resources and reserves, current and future environmental and
regulatory requirements, the availability and timely receipt of permits,
approvals and licenses, industrial or environmental accidents, equipment
breakdowns, availability of and competition for future mineral acquisition
opportunities, availability and cost of insurance, labour disputes, land
claims, the inherent uncertainty of production and cost estimates, currency fluctuations,
expectations and beliefs of management and other risks and uncertainties,
including those described under Risk Factors in the Company�s Annual
Information Form dated March 31, 2008, and in each subsequent Management�s
Discussion and Analysis. Such Forward-Looking Information is based upon
the Company�s assumptions regarding global and Chilean economic, political
and market conditions and the price of metals, including copper and
molybdenum, and future tailings production volumes and the Company's copper
and molybdenum production.. Among the factors that have a direct
bearing on the Company�s future results of operations and financial
conditions are changes in project parameters as plans continue to be refined,
interruptions in the supply of fresh tailings from El Teniente, further
delays in the extraction of tailings from the Colihues tailings impoundment,
a change in government policies, competition, currency fluctuations and
restrictions and technological changes, among other things. Should one
or more of any of the aforementioned risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from any conclusions, forecasts or projections described in the
Forward-Looking Information. Accordingly, readers are advised not to
place undue reliance on Forward-Looking Information. Except as required
under applicable securities legislation, the Company undertakes no obligation
to publicly update or revise Forward-Looking Information, whether as a result
of new information, future events or otherwise.
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