Corporate Finance - Santa Rosa Production Requirements.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 9, 2002 Andean American Mining Corp.,(CDNX CDNX See Canadian Venture Exchange (CDNX). : AAG AAG Association of American Geographers (Washington, DC) AAG Assistant Attorney General AAG Asociación Argentina de Golf AAG Anti-Aircraft Gun AAG Assistant Adjutant General AAG Australian Association of Gerontology ) wishes to announce further to our news release of January 7, 2002, an expansion to the non brokered private placement by a further 250,000 units at the same terms and conditions as the original announcements. The expanded financing will consist of 1,000,000 units at a price of $0.35 per unit. Each unit will consist of one common share and one full non transferable share purchase warrant. One share purchase warrant will entitle the holder to acquire one common share of the Company for Cdn$0.47 in the first year and Cdn$0.55 in the second year following approval by the CDNX Venture Exchange. The funds will be used to augment production facilities, make up production shortfalls and working capital. The financing is subject to acceptance for filing with the regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . The financing is over subscribed with 70% of funding already received. To find out more about Andean American Mining Corp. visit our website at www.andeanamerican.com . For further information, please contact: John Devlin at 1-866-885-0484 and jdevlin@andeanamerican.com or the Company at: (604) 681-6186 or toll free: 1-888-356-4784 and email: info@andeanamerican.com . On behalf of Andean American Mining Corp., John F. Huguet President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding upcoming work programs and events. Actual results may differ materially from those anticipated in such statements. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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