Aegean Metals Group Inc Completes Private Placement
Aegean Metals Group Inc announced that on August 29, 2013 it completed a non-brokered private placement (the Private Placement) of 4,442,166 units (the Units) at a price of $0.10 per Unit for an aggregate subscription price of $442,166.60. Each Unit consisted 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 until August 29, 2015. Gross proceeds of the Private Placement will be used for new project generation, to fund additional exploration activities on its properties in Turkey, as well as general and administrative expenses.
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