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Provider: Reuters Investment Profile

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Aegean Metals Group Inc Announces Revised Non Brokered Private Placement

Monday, 24 Jun 2013 08:00am EDT 

Aegean Metals Group Inc announced that with reference to the announcement dated April 1, 2013, the Company has modified the terms of the private placement financing. The revised terms of the Private Placement are: up to 6,200,000 units at a price of $0.10 per Unit for an aggregate subscription price of up to $620,000. Each Unit consists of one common share of the Company and one common share purchase warrant entitling the holder thereof to purchase an additional common share of the Company at a price of $0.15 per share for a period of two years. Proceeds from the Private Placement will be used for new project generation, to fund additional exploration activities on the Company's Hot Maden gold-base metal property in northeast Turkey, as well as general and administrative expenses. 

Company Quote

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19 Dec 2014