Aranka Gold Announces Increased Size of Financing.TORONTO -- Aranka Gold Inc. ("Aranka") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ARK) wishes to announce that it has increased the maximum gross proceeds of its previously announced non-brokered private placement financing to raise gross proceeds of up to $1,500,000. Pursuant to the financing, Aranka will issue up to 1,500,000 units at a price of $1.00 per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder thereof to acquire one additional common share at a price of $1.35 for a period of 18 months following closing provided that if after four months and one day following closing the closing price of the common shares on the principal market on which such shares trade is equal to or exceeds $1.75 for 20 consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. , then the expiry date expiry date expire n → date f d'expiration; (on label) → à utiliser avant ... expiry date expire n → Ablauftermin m of the share purchase warrants shall automatically accelerate to the date which is 30 days following the date a press release is issued by Aranka announcing the reduced expiry date of the share purchase warrants, without further notification made by Aranka to the holder. Completion of the financing is subject to approval of 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. . About Aranka Gold Inc.: Aranka is a junior exploration company focusing on early stage gold exploration in the Guiana Shield The Guiana[1] Shield (Spanish: Guayana) is one of the three cratons of the South American Plate. It is a 1.7 billion year old Precambrian geological formation in northeast South America that forms a portion of the northern coast. . Aranka also holds significant silver assets, including the former Langis Silver Mine in the Cobalt camp, Ontario, Canada. Additional information is available at www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Aranka Gold Inc. (TSX VENTURE:ARK) |
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