- AsiaBaseMetals Inc. (ABZ) has announced a non-brokered private placement for gross proceeds of up to C$550,000
- The company will issue up to 5,000,000 units at a price of C$0.11 per unit
- The proceeds will be used to settle indebtedness and for general working capital
- AsiaBaseMetals Inc is a Canada-based mining company
- AsiaBaseMetals Inc. (ABZ) is unchanged, trading at $0.14 per share at 4:30 pm ET
AsiaBaseMetals (ABZ) has announced a non-brokered private placement for gross proceeds of up to C$550,000.
The company will issue up to 5,000,000 units at a price of C$0.11 per unit. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of $0.14 for a period of five years.
The proceeds will be used to settle certain outstanding indebtedness and for general working capital.
The placement is subject to acceptance by the TSX Venture Exchange.
All securities issued will be subject to a four-month hold period from the date of issue.
AsiaBaseMetals Inc is a Canada-based mining company focused on the exploration and development of zinc and base metals.
AsiaBaseMetals Inc. (ABZ) is unchanged, trading at $0.14 per share at 4:30 pm ET.