Bought DealAMERIX PRECIOUS METALS CORPORATION ANNOUNCES C$4 MILLION BOUGHT DEAL FINANCINGTORONTO, May 31, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
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AmerixPrecious Metals Corporation (TSXV: APM) ("Amerix" or the "Company")has today entered into a "bought-deal" private placement financingagreement with a syndicate of underwriters led by Canaccord GenuityCorp. (the "Underwriters") for an offering of 18,200,000 Units of theCompany (the "Units") at an issue price of C
.22 per Unit for grossproceeds to the Company of C$4,004,000 (the "Offering"). Each Unit willbe comprised of one common share of the Company and one half of onecommon share purchase warrant (each whole warrant, a "Warrant"). EachWarrant will entitle the holder thereof to subscribe for one additionalcommon share at an exercise price of C
.33 at any time prior to theday that is 30 months from the closing of the Offering.
TheUnderwriters will also have the option, exercisable in whole or in partup to 48 hours prior to closing, to purchase up to an additional4,550,000 Units at the issue price for additional gross proceeds of upto C$1,001,000.
The net proceeds raised under the Offering willbe for the advancement of the Company's Limão project and for generalworking capital purposes. The Offering is expected to close on or aboutJune 22, 2011 and is subject to certain conditions including, but notlimited to, the receipt of all necessary approvals including theapproval of the TSX Venture Exchange. The Common Shares and Warrantscomprising the Units will be subject to resale restrictions for aperiod of four months and one day from the closing date underapplicable securities legislation.
This news release is intendedfor distribution in Canada only and is not intended for distribution toUnited States newswire services or dissemination in the United States.The securities being offered have not, nor will they be registeredunder the United States Securities Act of 1933, as amended, or anystate securities laws and may not be offered or sold within the UnitedStates or to, or for the account or benefit of, U.S. persons absentU.S. registration or an applicable exemption from the U.S. registrationrequirements. This release does not constitute an offer for sale ofsecurities in the United States.
The Units will be offered byway of the "accredited investor" and "minimum amount investment"exemptions under National Instrument 45-106 in British Columbia,Alberta, Ontario and other Canadian provinces and territories as agreedupon by the Company and Canaccord and offshore (collectively, the"Jurisdictions"), and in the United States on a private placement basispursuant to an exemption from the registration requirements of theUnited States Securities Act of 1933, as amended.
About AmerixAmerix Precious Metals Corporation is an Ontario company exploring forprecious metals in Brazil. Amerix's objective is to create value forshareholders through the delineation and expansion of bedrock goldresources, and realization of value from placer and tailings goldresources at the Company's properties. Brazil has enormous goldpotential and is a proven mining-friendly country and Amerix willcontinue to pursue further exploration properties of merit via staking,acquisition or merger. The Corporation's shares trade on the TSXVenture Exchange under the symbol "APM" and at the Frankfurt StockExchange under the symbol "NJG."
Disclosure RegardingForward-Looking Statements: This press release contains certain"Forward-Looking Statements" within the meaning of applicablesecurities legislation. All statements, other than statements ofhistorical fact, included herein are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurance thatsuch statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results to differmaterially from the Company's expectations are disclosed in theCompany's documents filed from time to time with the TSX VentureExchange and, among others, the Ontario Securities Commission as wellas under the heading "Risk Factors" in the Management Discussion andAnalysis.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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SOURCE: Amerix Precious Metals Corporation
AmerixPrecious Metals Corporation Steve Brunelle President and ChiefExecutive Phone: 647 260-0470 steve.brunelle@amerixcorp.com DanHamilton Chief Financial Officer Phone: 647 260-0470dan.hamilton@amerixcorp.com
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