By Devika Patel
Knoxville, Tenn., July 11 - Asian Mineral Resources Ltd. said it concluded a C$7 million private placement of units. The deal priced on May 5.
The company sold 4 million units of one common share and one warrant at C$1.75 per unit to Jinchuan Group Ltd. Each warrant will be exercisable at C$2.10 until Sept. 30, 2008.
Asian Mineral is a Toronto-based mineral exploration company.
| Issuer: | Asian Mineral Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$7 million
|
| Units: | 4 million
|
| Price: | C$1.75
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Sept. 30, 2008
|
| Warrant strike price: | C$2.10
|
| Investor: | Jinchuan Group Ltd.
|
| Pricing date: | May 5
|
| Settlement date: | July 11
|
| Stock symbol: | TSX Venture: ASN
|
| Stock price: | C$1.45 at close May 5
|
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