By Devika Patel
Knoxville, Tenn., Jan. 5 - Asian Mineral Resources Ltd. said it has increased a non-brokered private placement of units to C$5.99 million from C$5.9 million. The deal priced Nov. 26.
The company will now sell 59,902,200 units at C$0.10 apiece. Each unit consists of one common share and one warrant, with each warrant exercisable at C$0.15 for one year.
Settlement is expected Jan. 7.
Asian Mineral is a Toronto-based mineral exploration company. Its Ban Phuc Nickel deposit contains more than 121,000 tons of nickel within both massive sulphide and disseminated host rocks.
| Issuer: | Asian Mineral Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$5,990,220
|
| Units: | 59,902,200
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 26
|
| Upsized: | Jan. 5
|
| Settlement date: | Jan. 7
|
| Stock symbol: | TSX Venture: ASN
|
| Stock price: | C$0.15 at close Nov. 26
|
| Market capitalization: | C$13.5 million
|
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