Animas Resources Announces $1.6 Million Financing
11/2/2010 9:00:08 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Nov 2, 2010 (Marketwire via COMTEX News Network) --
AnimasResources Ltd. (TSX VENTURE:ANI) is pleased to announce that it hasagreed to complete a non-brokered private placement of 4,571,428 units(a "Units") at
.35 per Unit for gross proceeds of $1.6 million,subject to acceptance by the TSX Venture Exchange. Each Unit iscomprised of one common share and one-half of one non-transferablecommon share purchase warrant. Each warrant entitles the holder topurchase one additional common share for a period of 24 months at aprice of
.55 per common share.
The financing will be taken upby a group of strategic investors who have been long term supporters ofAnimas in the past, both financially, and by assisting with growthstrategies and contact networks. Insiders of Animas will beparticipating for more than 25% of the placement. The securities willhave a four-month hold from closing.
The financing proceeds willbe used for mineral exploration in the Golden Arrow and Kinsley Mountainproperties in Nevada and general corporate purposes. Finder's fees of7% cash and 7% warrants may be paid on a portion of these offerings.
About Animas Resources Ltd.
AnimasResources Ltd.'s mission is to grow the Company through discovery andacquisition of high-quality mineral deposits of a significant size andto build upon the historic and current gold resources. The Companymaintains a pipeline of only the highest quality projects includingSanta Gertrudis in Sonora Mexico, Golden Arrow and Kinsley Mountain inNevada, USA.
This news release was prepared by Company management, who take full responsibility for its content.
You may register to receive future news releases at www.animasresources.com.
Gregory E. McKelvey, President & Director