DGAP-News: AU Minera Announces Private Placement Agreement
(firmenpresse) - DGAP-News: AU Minera Corp. / Key word(s): Agreement
AU Minera Announces Private Placement Agreement
07.02.2011 / 08:00
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AU Minera Announces Private Placement Agreement
February 7, 2011 - AU Minera Corporation (FSE:ZAU) ('AU Minera' or the
'Company') is pleased to report that the Company has entered into a private
placement agreement with Oceanside Trading Corp ('Oceanside'). Oceanside, a
private investment company which is focused on the identification of
producing mining companies with strong growth potential, has agreed to
invest a minimum of EUR450,000 with AU Minera in consideration for units of
AU Minera securities to be issued to Oceanside.
Each unit acquired by Oceanside will be comprised of one common share and
one share purchase warrant of the Company. Each share purchase warrant will
entitle the holder to acquire one (1) additional common share of the
Company's capital stock at any time within three (3) years from the date of
completion of the private placement at a conversion price of EUR3.50 per
common share. AU Minera President Alejandro Diaz stated that 'the
identification of a strong financial partner with expertise in the mining
industry is critical to the execution of the Company's business plan at
this juncture. It is management's intention to use the proceeds of the
Oceanside financing to lease additional equipment needed to expand our
production and processing capabilities at the Caracol mine site and to
commission an engineering report formatted on a basis consistent with N.I.
43-101. Such a report can be used to attract institutional investors and to
secure such additional financing as may be necessary until the Company is
in a position to finance development from positive cash flow.'
About AU Minera Corporation
AU Minera Corporation was formed to identify developed or producing mining
properties in politically stable South American countries and to take
advantage of management experience and expertise in the South American
mining industry to identify mining prospects that lend themselves to rapid
development, production and, ultimately, the enhancement of shareholder
values. The management of AU Minera is primarily focused on building
reserves and utilizing positive cash flow to internally finance the
development of prospects on a basis that avoids the undue issuances from
treasury that impact negatively on earnings.
On behalf of the Board of Directors
AU Minera Corporation
Alejandro Diaz, President
E-mail: alex(at)auminera.com
Website: www.auminera.com
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are
'forward-looking statements', including any statements regarding the
intent, belief or current expectations of AU Minera Corporation and members
of its management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. Important factors
currently known to management that could cause actual results to differ
materially from those in forward-looking statements include, among others,
material changes commodity prices which could impact negatively on
operating margins and profitability, material changes in the global capital
markets that may impact negatively on the Company's ability to secure the
working capital required to complete the ongoing development of its mineral
rights on a timely basis, the competitive nature of the mining industry as
it relates to the Company's ability to attract the personnel required to
efficiently execute the Company's business plan. Forward looking statements
are made based on management's beliefs, estimates and opinions on the date
the statements are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as updates may be required by
applicable law. Such forward-looking statements reflect our current views
with respect to future events and are subject to certain risks,
uncertainties and assumptions, including, the risks and uncertainties
outlined in our most recent financial statements. Although the Company
believes that the plans, expectations and intentions contained in this news
release are reasonable, there can be no assurance those plans, expectations
or intentions will prove to be accurate. Investors should consider all of
the information set forth herein. This news release shall not constitute an
offer to sell or the solicitation of an offer to buy securities nor shall
there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to qualification under the
applicable securities laws of any such jurisdiction.
End of Corporate News
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111226 07.02.2011
Datum: 07.02.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 33150
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Kategorie:
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