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Anconia Resources Corp Closes First Tranche of Private Placement for $825,000


Tuesday, 27 Aug 2013 04:05pm EDT 

Anconia Resources Corp announced the closing of the first tranche of its previously announced non-brokered private placement offering (the Offering) issuing 1,000,000 units (Units) at $0.10 per Unit and 6,041,666 flow-through units (Flow-Through Units) at $0.12 per Flow-Through Unit, for aggregate gross proceeds of $825,000. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (a Unit Warrant). Each whole Unit Warrant entitles the holder to purchase one common share of the Company at a price of $0.14 per share for a period of 18 months following the date of issuance. The aggregate proceeds raised under the Offering will be used, among other things, to conduct exploration on the Company's properties and for working capital purposes. Proceeds from the sale of the Flow-Through Units will be used for Canadian Exploration Expenses on the Company's properties. The Company intends to close a second tranche of the Offering in early September. 

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17 Dec 2014