Animas Arranges $600,000 Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/04/13 -- Animas
Resources Ltd. (TSX VENTURE:ANI) is pleased to announce that it has
arranged a private placement of 10,000,000 units (the "Units") at a
price of $0.06 per Unit to raise gross proceeds of $600,000.
The funds will be used to complete the transaction with Dore King Min
SA de CV ("DKM") as previously announced on February 25, 2013, and
for working capital. Under the Letter of Intent with DKM, DKM has
agreed to work towards re-establishing Animas' Santa Gertrudis Gold
Project as a producing gold mine and providing all the funding to do
so. If successful, the cash flow from the gold production operations
will be split on a 50/50 basis between Animas and DKM.
DKM and Animas will also be working towards building a good
relationship with the Ejido in the area to show them the benefits of
working closely with Animas and DKM. The Ejido is responsible for
surface access in Mexico and while Animas has a current agreement for
surface access, the team will be asking for assistance from the Ejido
to improve the access conditions, expand it, and, in return, ensure
that the Ejido are fairly compensated.
Each Unit will be comprised of one common share and a common share
purchase warrant. Each warrant will be exercisable into one common
share for a three year period at $0.10 per common share. Upon
completion of the offering, Animas will have 69,130,884 common shares
issued and outstanding. The investors in this offering will include
previous strategic supporters of Animas and its Directors.
No feasibility study, pre-feasibility study or preliminary economic
assessment has been completed for the Santa Gertrudis Gold Project
and there is no certainty such an operation will be economically
viable. Only a National Instrument 43-101 ("NI 43-101") compliant
mineral resource estimate has been completed for the Santa Gertrudis
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource company
focused on acquisition and discovery, consolidated the Santa Teresa
District's Santa Gertrudis precious metal and related deposits and
prospects within a 562 square kilometer land holding. Our mission is
to grow Animas through development, discovery and acquisition of
high-quality mineral deposits and to build upon the historic gold
resource base at Santa Gertrudis, Mexico, and maintain a pipeline of
only the highest quality projects.
This news release was prepared by Company management, who take full
responsibility for its content. The technical disclosure in this
press release has been reviewed by John R. Wilson, a Qualified Person
as defined by National Instrument 43-101 of the Canadian Securities
Administrators, and the President and CEO of Animas.
For additional information, contact Animas Resources Ltd. at
604-687-6197, or you may register to receive future news releases at
John R. Wilson, President & CEO
This press release contains "forward-looking information" which may
include, but is not limited to, statements with respect to drilling
plans, timing of our planned NI 43-101 resource report, timing of
assays, resource estimates, projections, our planned exploration and
drilling programs, the availability of future financing for
exploration and other plans, projections, estimates and expectations.
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 and reports and
registration statement filed with the Canadian securities
administrators (available at www.sedar.com). Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from
those anticipated, believed, estimated or expected.
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.
Animas Resources Ltd.
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