Antioquia Gold Announces Closing of Private Placement of Units
21 December 2013 - 4:56AM
Marketwired
Antioquia Gold Announces Closing of Private Placement of Units
CALGARY, ALBERTA--(Marketwired - Dec 20, 2013) - Antioquia Gold
Inc. ('Antioquia Gold" or the "Company")
(TSX-VENTURE:AGD)(OTCQX:AGDXF) announces that it has completed a
non-brokered private placement of units (each a "Unit") at $0.05
per Unit for aggregate gross proceeds of $700,000. Each Unit
consists of one common share and one common share purchase warrant
exercisable at $0.05 for a period of 18 months from the date of
issuance of the Units. All of the Units were subscribed for by
Antioquia's major shareholder, Desafio It is expected that the
proceeds raised from the financing will be used for debt repayment,
general working capital and to complete key studies in the
advancement of the Company's flagship Cisneros project.
About Antioquia Gold Inc.
Antioquia Gold has been exploring for precious metals in
Colombia since 2007 where its current holdings are close to 40,000
hectares located throughout Colombia. Antioquia's principal asset,
which is being actively explored, is its 5,630 hectare Cisneros
Project, located 55 km northeast of Medellin in the Department of
Antioquia, Colombia. At the Cisneros Project the Company has
conducted extensive geochemical and geophysical programs over the
entire property and has identified to date eleven (11) exploration
z ones. On the original discovery zone it has drilled over 45,000
metres and is well versed in the understanding of the deposit type
and the project's path to resource definition and
production.
For further information on Antioquia Gold Inc., visit our
website at www.antioquiagoldinc.com
Neither the 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.
Forward-Looking Statements:
This news release contains certain forward-looking
statements, including any plans regarding the expected used of
proceeds from the financing. Forward-looking statements are based
on management's current assumptions and are subject to risks and
uncertainties. There can be no assurance that any forward-looking
statement will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
information due to a number of factors beyond the Company's
control. These assumptions, risks and uncertainties include, among
other things, management's assumptions about government permitting,
equipment procurement and the availability of the necessary
consultants and capital, as well as the risks of delay in any of
these activities and the risks inherent in Antioquia Gold's
operations, including the risks that the Company may not find any
minerals in commercially feasible quantity or raise enough money to
continue to fund its exploration plans. These and other risks are
described in the Company's public disclosure documents filed on the
SEDAR website maintained by the Canadian Securities Administrators.
The Company does not undertake to update any forward-looking
information except as may be required by applicable securities
laws.
Antioquia Gold Inc.Fernando JaramilloPresident and
CEO1-800-348-9657fjaramillo@antioquiagoldinc.comwww.antioquiagoldinc.com
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