An anonymous director reports
ARMOR CLOSES $1,000,000 PRIVATE PLACEMENT
Armor Minerals Inc. has closed the previously announced non-brokered private placement of five million units at a price of 20 cents per unit for gross proceeds of $1-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant is convertible into one common share of the company at a price of 40 cents for a period of five years.
Proceeds from the financing will be used for follow-up exploration on the recently announced drill results at the Warmister project located in Buckingham, Va., and for general working capital purposes.
As required under securities regulations, the securities issued through this transaction are subject to a hold period expiring Nov. 26, 2016.
We seek Safe Harbor.
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