Amerix Precious Metals Closes Financing.TORONTO -- Amerix Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Corporation (the "Corporation") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:APM (Advanced Power Management) A programming interface (API) from Intel and Microsoft for battery-powered computers that lets programs communicate power requirements to slow down and speed up components. See ACPI. APM - Advanced Power Management ) is pleased to announce that it has completed the previously announced non-brokered private placement (the "Private Placement") of 1,550,000 units (the "Units") of the Corporation at a price of $0.35 per Unit for aggregate gross proceeds of $542,500. Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one additional common share of the Corporation at a price of $0.40 until October 26, 2006. The securities issued by the Corporation in connection with the Private Placement are subject to a "hold period" which expires on May 28, 2006. The Corporation intends to use the proceeds of the Private Placement for exploration work on its Brazilian and Mexican properties and for general working capital purposes. About Amerix Precious Metals Corporation Amerix Precious Metals Corporation is an Ontario corporation that explores for precious metals in Brazil and Mexico. Santo Domingo, the Mexican property, is a silver-gold project about 90 km north of Guadalajara. Vila Porto Rico and Limao, the Brazilian properties, are gold projects in the Tapajos Gold Province in Brazil. The Corporation's shares trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "APM". Additional information regarding the Corporation, including the audited consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge of the Corporation for the financial year ended July 31, 2005 and related management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of results, can be found on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com. If you would like to receive press releases via email, please contact alison@chfir.com and specify "Amerix press releases" in the subject line. The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Amerix Precious Metals Corporation (TSX VENTURE:APM) |
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