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Anthem Resources Inc. Closes $600,000 Private Placement-Canada Stockwatch News


Thursday, 27 Dec 2012 06:23am EST 

Canada Stockwatch News reported that Anthem Resources Inc. has closed the non-brokered private placement financing to raise up to $600,000, subject to regulatory acceptance, and has issued 2,915,000 flow-through units for gross proceeds of $408,100. Each flow-through unit will comprise one common share at a price of 14 cents per share and one-half of a non-flow-through share purchase warrant exercisable for two years at 20 cents per common share. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. In accordance with exchange regulations, finders' fees will be payable to accredited agents on that portion of the funds raised by third parties. The gross proceeds from the flow-through common shares must be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2013, to be renounced effective December 31, 2012. Funds from this financing will be used to advance the Athabasca basin uranium exploration projects. Anthem will also be receiving the second payment from Nickel North Exploration Corp. of $500,000 in cash and $250,000 of NNX common shares by December 31, 2012, as part of the option agreement on the Hawk Ridge project (see news release dated April 10, 2012). 

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