Apoquindo reports non-brokered private placement

Apoquindo Minerals Inc. reports a non-brokered private placement at a price of $0.50 per unit for up to 10, 000,000 units, for gross proceeds of $5,000,000.

Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for two years at a price of $0.75 during the first year at a price of $1.00 during the second year. Notwithstanding the foregoing, the Company may accelerate the expiry date of the warrants upon 30 days notice to the holders if the closing price of the common shares of the Company on the TSX Venture Exchange is equal to or greater than $1.25 per common share during the first year of the warrants for 20 consecutive trading days or equal to or greater than $1.50 per common share for 20 consecutive trading days during the second year of the warrants. The proceeds of the private placement will be used to fund exploration programs on Apoquindo’s mineral properties and for general working capital purposes.

For full details of this press release, click this link. To view Apoquindo’s company profile,click here. Follow developments in gold mining and exploration for free.
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