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Amseco Exploration Ltd Plans $300 000 Private Placement Extension


Tuesday, 18 Jun 2013 09:25am EDT 

Amseco Exploration Ltd announced that as previously announced on December 17, 2012, Amseco is seeking to raise $300 000. This placement should be done within the next 30 days via the issue of a non-brokered private placement at $0.01 cent. The minimum subscription will be tranches of 1500$ (150 000 shares) and shares will be subject to a 120 days hold period and to the TSX venture Exchange's approval and there will be no warrants in this transaction. Amseco is using the TSX-V temporary relief measures regarding the pricing requirements adopted August 17, 2012 and April 12, 2013. Under the TSX-V Policy 1.1, the principal purpose of the proceeds of the Private Placement must be to maintain or preserve the Issuer's existing operations, activities and assets. In addition, at least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer. 

Company Quote

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11 Feb 2014