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Antares Minerals Inc. (TSX VENTURE:ANM) reported that IFC, a member of the World Bank Group, has completed the exercise of all 3,750,000 warrants to acquire 3,750,000 common shares of the Company for a total subscription cost of $7,500,000, as originally announced on March 29, 2010.
Antares Minerals Inc. (TSX VENTURE:ANM) reported that IFC, a member of the World Bank Group, has completed the exercise of all 3,750,000 warrants to acquire 3,750,000 common shares of the Company for a total subscription cost of $7,500,000, as originally announced on March 29, 2010.
The press release is quoted as saying:
Antares is focused on the acquisition and exploration of precious and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage. In addition to the Haquira Project in Peru, Antares is also currently exploring the Rio Grande (Cu-Au porphyry) project in Salta Province of NW Argentina on a 50/50 joint-venture basis with Pachamama Resources Ltd., a spin-off from Mansfield Minerals Inc.
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