Home Corporate projects News Investors Contact
Gold, Copper and Growth
 
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004


News



Acero-Martin Announces Financings Totaling $8M

February 14, 2007

Acero-Martin Exploration Inc. (“Acero” or the “Company”) has entered into an agreement with Union Securities Ltd. (“Union” or the “Agent”) to finance 12 million units (“Units”) of the Company on a firm private placement basis at a price of $0.50 per Unit (the “Offering”). Each Unit shall consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each whole Warrant shall be exercisable at any time for one common share of the Company (a “Warrant Share”) at a price of $0.75 per Warrant Share for a period of 12 months following the closing date of the Offering. The Agent shall be entitled to a cash commission equal to 8% of the gross proceeds of the Offering. In addition, the Agent shall be entitled to compensation options, totaling 10% of the Units sold.  The options entitle the Agent to purchase one Unit of the Offering of the Company at the issue price within 12 months from the closing date.

In addition, the Company announces a non-brokered financing consisting of up to 4 million Units of the Company at a price of $0.50 per Unit (the “Non-Brokered Offering”). Each Unit shall consist of one Share of the Company and one Warrant. Each whole Warrant shall be exercisable at any time for one Warrant Share at a price of $0.75 per Warrant Share for a period of 12 months following closing of the Non-Brokered Offering. Finders’ fees with respect to the Non-Brokered Offering may be paid in accordance with regulatory policy.

Both financings are subject to regulatory approval.

The net proceeds of the offerings will be used for the continued exploration and development of the Pinaya gold-copper project in Southern Peru and for general working capital purposes.

 About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is a Canadian-based mineral exploration and development company with projects in North and South America.  The Company is currently focused on developing its flagship gold-copper property Pinaya, located in Southern Peru.  For additional information please go to http://www.acero-martin.com or http://www.goldmau.com/asd.htm 

“Donald Gee”

Donald Gee, President and Director

For further information contact: Don Currie at (604) 374-2883;  Email: or Investor Relations: +1 (800) 884-5269 Email:  

 
     
Sign up for latest updates
*  Email Address:

 
 
© Copyright AM Gold Inc. 2016
 
 
HOME  |  CORPORATE  |  PROJECTS  |  NEWS  |  INVESTORS  |  CONTACT  |  DISCLAIMER