Aegean Metals Group Inc. Announces Non Brokered Private Placement
23 January 2014 - 5:31AM
Marketwired
Aegean Metals Group Inc. Announces Non Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2014) -
Aegean Metals Group Inc. (TSX-VENTURE:AGN) ("Aegean"or the
"Company") is pleased to announce a private placement financing
(the "Private Placement") of up to 7,500,000 units (the "Units") at
a price of C$0.10 per Unit for an aggregate subscription price of
up to C$750,000. Each Unit consists of one common share of the
Company and one common share purchase warrant entitling the holder
thereof to purchase an additional common share of the Company at a
price of C$0.15 per share for a period of 2 years.
Proceeds from the Private Placement will be used for new project
generation as well as general and administrative expenses.
The Private Placement is subject to the approval of the TSX
Venture Exchange.
About Aegean Metals Group Inc.
Aegean Metals Group Inc. (TSX-VENTURE:AGN) is a Canadian
exploration company focused on the generation and acquisition of
high grade gold, copper, and polymetallic deposits in favourable
jurisdictions that have the potential to become operating mines
with strong cash flows. Currently, the Company's portfolio includes
the 100% owned Hot Maden gold and base metal prospect in northeast
Turkey (subject to a 2% NSR due to Teck Madencilik Sanayi Ticaret
A.S. ("Teck"), a Turkish subsidiary of Teck Resources Limited). The
Company also exercised its option to earn 100% of the Ergama
high-sulphidation epithermal gold prospect in western Turkey from
Teck; Teck subsequently exercised a one-time Back-In Option on May
28, 2013 and can earn a 51% interest in the Ergama Property by
spending C$1.2M in qualified exploration expenditures within 3
years. For more details on the Company, please visit
www.aegeanmetalsgroup.com.
Forward‐Looking Statement
This news release includes certain "forward‐looking information"
within the meaning of that phrase under Canadian securities laws.
Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives
of the Company contain forward-looking information that involves
various degrees of risk. Forward‐looking information reflects
management's beliefs and assumptions and subject to known and
unknown risks and uncertainties, both general and specific to the
Company. Although the Company believes the expectations expressed
in such forward‐looking information are reasonable, such
information and statements are not guarantees of future performance
and actual results or developments may differ materially from those
in our forward-looking information. The following are important
factors that could cause the Company's actual results to differ
materially from those expressed or implied by such forward-looking
information: changes in the world wide price of commodities,
general market conditions, risks inherent in exploration, risks
associated with development, construction and mining operations,
the uncertainty of future profitability and the uncertainty of
access to additional capital. Additional information regarding the
material factors and assumptions that were applied to develop this
forward-looking information as well as the various risks and
uncertainties we face are described in greater detail in the "Risk
Factors" section of Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and
financial statements we file with the Canadian securities
regulatory authorities which are available at www.sedar.com. The
Company undertakes no obligation to update this forward‐looking
information except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Aegean Metals Group Inc.Eric RothPresident & CEO+569 8818
1243eroth@aegeanmg.comAegean Metals Group Inc.Kelly EarleInvestor
Relations+1 778 838
3530kearle@aegeanmg.comwww.aegeanmetalsgroup.com
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