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Armistice Resources Corp
Symbol C : AZ
Shares Issued 185,810,971
Close 2012-09-26 C$ 0.18
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Armistice Resources arranges $5-million financing

2012-09-27 16:13 ET - News Release

Mr. Todd Morgan reports

ARMISTICE RESOURCES ANNOUNCES $5 MILLION FINANCING

Armistice Resources Corp. has engaged Canaccord Genuity Corp. to act as agent in connection with a proposed fully marketed private placement to raise gross proceeds of approximately $5-million. The offering will consist of the sale of units priced at 16 cents per unit and flow-through common shares priced at 20 cents per flow-through share.

Each unit shall consist of one common share in the company and one-half of one common share purchase warrant of the company, exercisable for a period of 24 months from the closing date (as herein defined). Each whole warrant shall be exercisable into one common share at a price of 25 cents per common share.

The net proceeds of the offering will be for the advancement of the company's assets and for general working capital purposes.

The closing of the offering is expected to occur on Oct. 24, 2012, or such earlier or later date as may be agreed upon by the company and the agent.

Terms of the offering are subject to acceptance by the Toronto Stock Exchange.

We seek Safe Harbor.

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