05:14:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aegean Metals Group Inc
Symbol AGN
Shares Issued 39,407,996
Close 2014-09-18 C$ 0.065
Market Cap C$ 2,561,520
Recent Sedar Documents

Aegean Metals arranges $100,000 private placement

2014-09-23 09:45 ET - News Release

Mr. Eric Roth reports

AEGEAN METALS GROUP INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT WITH LEAD ORDER

Aegean Metals Group Inc. has arranged a private placement financing of up to two million common shares of the company at a price of five cents per common share for aggregate proceeds of up to $100,000.

The company is also pleased to announce that Mariana Resources Ltd. has agreed to participate in the private placement for a total of $50,000. Management and the board of directors are pleased to have Mariana take the lead order for the private placement as it further demonstrates the commitment to the binding letter agreement announced on Sept. 18, 2014, pursuant to which both parties intend that Mariana will acquire all of the issued and outstanding common shares of Aegean by way of a statutory plan of arrangement.

Complete details of the agreement and transaction may be found on the company's website.

Proceeds from the private placement will be used for general and administrative expenses. The private placement is subject to the approval of the TSX Venture Exchange. Completion of the transaction is subject to certain customary conditions, including receipt of all necessary court, shareholder and regulatory approvals, including from the TSX Venture Exchange and the London Alternative Investment Market.

We seek Safe Harbor.

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