Arequipa Resources Ltd. completes $5.2 million special warrants financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 17, 1995-- Arequipa Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended : AQP AQP Aquaporin (family of membrane channel proteins) AQP Association for Quality and Participation AQP Advanced Qualification Program (aviation) AQP Arequipa, Peru - Rodriguez Ballon ) -- Arequipa Resources Ltd. (the "Company") is pleased to announce that it has closed its previously announced private placement of 4,000,000 Special Warrants, priced at $1.30 per Special Warrant which were placed by Loewen Ondaatje McCutcheon Limited and Nesbitt Burns Inc. Each Special Warrant will be exchangeable for a unit consisting of one common share and one half of a common share Purchase Warrant. The common share Purchase Warrants are exercisable at $1.65 for 18 months. In total the Company has raised funds of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $5.2 million (see NEWS RELEASE #13/95). The proceeds from the offering will be used to fund additional exploration and development on Arequipa's properties in Peru with an emphasis on the Company's gold portfolio. Specifically, Arequipa intends to commence pre-feasibility work at the Paron gold deposit based on the results of a $650,000 drilling program currently in progress. A drill program is also planned on the California IV gold prospect 14 km south of the Paron deposit. In addition, regional work will continue within the district that hosts both Paron and California IV where Arequipa holds close to 50,000 hectares in minerals claims covering several other gold anomalies
Anomalies is Cephalic Carnage's 4th full-length album. It was released on Relapse Records. The group expanded their sound even more than their previous album, Lucid Interval, and gained more popularity. . The balance will be used to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: working capital, to make further acquisitions and required property payments. Arequipa Resources Limited is a mineral exploration and development company focused on the acquisition and development of copper and gold properties in Peru. The Company was founded by Mr. David Lowell who is credited with the discovery of the La Escondida deposit in Chile. The Company's shares on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). under the symbol AQP. -0- NOTE: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Arequipa Resources Limited, Vancouver Catherine McLeod, 604/684-0003 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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