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Asian Mineral Resources Ltd Closing Of $10,000,000 Private Placement


Tuesday, 18 Dec 2012 01:17pm EST 

Asian Mineral Resources Ltd announced that it has completed the previously announced private placement offering (the Private Placement) by Pala Investments Limited (Pala) and Lion Selection Group Limited (Lion) in AMR whereby Pala and Lion purchased 150,000,000 common shares of AMR (the AMR Shares) and 16,666,666 AMR Shares, respectively, each at CDN$0.06 per AMR Share for total consideration of CDN$10,000,000. The proceeds from the Private Placement will be used by AMR to fund capital expenditures for the construction of the Ban Phuc Nickel Project and for working capital purposes. 

Company Quote

0.055
-0.02 -26.67%
28 Jul 2014