$$ coming...2 tranches....!!!!along with huge dilution. But APM seems to have a future of some nature and now just needs to drill well. To get money at this time, under any circumstances, is really amazing.... Whoever bought the deals will have majority shares if the warrants are exercised. And that is with the first tranche! Limao here we come! I'm still in disbelief.
....................................................................................................................................................................................................................Amerix Amerix Precious closes $253,400 first tranche</p></h3><p>2009-03-30 16:42 ET - News Release Mr. Jeffrey Reeder reports</p><p>AMERIX PRECIOUS METALS COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT</p><p>Amerix
Precious Metals Corp. has completed the first tranche of a $1-million
best-efforts, non-brokered, private placement financing. The offering
consists of up to 50 million units at a price of two cents per unit,
with each unit consisting of one Amerix common share and one warrant
entitling the holder to purchase one Amerix common share at a price of
five cents for a period of 12 months from the date of closing. The
offering also includes provision for a finders fee payable at a rate of
up to 7 per cent of gross proceeds from unit sales or in options
enabling the purchase of units at a rate of up to 7 per cent of the
number of units sold. The securities issued in connection with the
offering are subject to a four-month hold period from the date of
issue. Net proceeds from the offering will be used to continue to
finance the company's exploration projects in Brazil and general
working capital purposes.
<Under the first tranche, the company issued 12.67 million units
for gross proceeds of $253,400. The company also wishes to advise that
insiders, as defined by the TSX Venture Exchange, participated in 25
per cent of the first tranche, which is the maximum participation
permitted by the rules of the exchange. </p><p>The company intends to close a second tranche within the next two weeks.
</p>