Au Martinique Silver Inc. Raising up to US$750,000 by Private Placement.BRAMPTON, Ontario -- Au Martinique Silver Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AUU AUU Adelaide University Union ) reported today that it intends to raise, by way of non-brokered private placement, up to US$750,000 through the issuance of a minimum of three million and a maximum of five million Units of the Company at US$0.15 per Unit. Each Unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable into one additional common share of the Company for a period of 24 months from closing at a price of US$0.25 per share. This private placement is subject to 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. approval. A finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. may be payable on all of the transactions. Au Martinique intends to use these funds to further exploration programs on the Company's Petancol Project (El Salvador) held under option from Intrepid Minerals Corp. and for general working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . Au Martinique is a TSX Venture listed company engaged in the acquisition, exploration and development of mineral prospects. The Company has 18,612,550 common shares outstanding. The statements in this Press Release may contain forward looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release. Au Martinique Silver Inc. (TSX VENTURE:AUU) |
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