- AsiaBaseMetals (ABZ) has closed its non-brokered private placement for gross proceeds of $441,650
- The company sold 4,015,000 units at a price of $0.11 per unit
- The proceeds will be used to settle outstanding indebtedness and for general working capital purposes
- AsiaBaseMetals Inc. is a mining company focused on the exploration and development of zinc and base metals
- AsiaBaseMetals Inc. (ABZ) opened trading at $0.175 per share
AsiaBaseMetals (ABZ) has closed its non-brokered private placement for gross proceeds of $441,650.
The company issued 4,015,000 units at a price of $0.11 per unit.
Each unit consists of one common share of the company and one common share purchase warrant.
Each warrant entitles the holder to purchase an additional share at a price of $0.14 per share for a period of five years.
The proceeds will be used to settle outstanding indebtedness and for general working capital purposes.
No finders fees were issued under the private placement.
The private placement is subject to final acceptance by the TSX Venture Exchange.
All securities issued regarding the private placement will be subject to a four-month hold period from the date of issue.
AsiaBaseMetals Inc. is a mining company focused on the exploration and development of zinc and base metals.
AsiaBaseMetals Inc. (ABZ) opened trading at $0.175 per share.