PPAug 05, 2009 16:30 ET
Animas Resources Announces $1.5 Million Financing
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - Aug. 5, 2009) - Animas Resources Ltd. (TSXVENTURE:ANI) ("Animas" or the "Company") announces that the Company hasagreed to complete a $1.5 million financing consisting of 2.5 millionUnits. The additional funds will be used to provide working capital forthe Company's Santa Gertrudis property and to help ensure that Animascontinues to be in a strong financial position. These additional fundswill allow the Company to expand the upcoming drill program at theSanta Gertrudis gold project and the many targets identified by thegeological team in this large district.
Each Unit will be priced at $0.60 and consists of one common shareand one half of one common share purchase warrant. Each whole warrantallows the holder to purchase one additional common share for a periodof 18 months from the closing date for additional consideration of$0.85. There are no insiders participating in this offering and nocommission is being paid. All securities are subject to a four-monthhold from the date of issuance and require the TSX Venture Exchange'sapproval before issuance.
Gregory E. McKelvey, President, stated that, "We are pleased thatthe subscribers to this financing, who committed to the financingseveral weeks ago, are existing principle shareholders. Their supportfor our longer term objectives and program gives Animas considerablestrength to complete and follow up our 2009 drilling program. To have asmall group of our long term investors increase their positions isexciting and important to our success."
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource companyfocused on acquisition and discovery in Latin America, hasre-consolidated the Santa Teresa District's Santa Gertrudis golddeposits and prospects within a 562 square kilometer land holding. Ourmission is to grow Animas Resources through discovery and acquisitionof high quality mineral deposits and to build upon the historic goldresource base at Santa Gertrudis, Mexico, and maintain a pipeline ofonly the highest quality projects.
This news release was prepared by Company management, who take fullresponsibility for its content. The technical disclosure in this pressrelease has been reviewed by Dr. Roger Steininger, a Qualified Personas defined by National Instrument 43-101 of the Canadian SecuritiesAdministrators.
For additional information, contact Animas Resources Ltd. at604-687-6197, or you may register to receive future news releases at www.animasresources.com.
Gregory E. McKelvey, President & Director
This press release contains "forward-looking information" which mayinclude, but is not limited to, statements with respect to drillingplans, timing of our planned NI 43-101 resource report, timing ofassays, resource estimates, projections, our planned exploration anddrilling programs, the availability of future financing for explorationand other plans, projections, estimates and expectations. Suchforward-looking statements reflect our current views with respect tofuture events and are subject to certain risks, uncertainties andassumptions, including, the risks and uncertainties outlined in ourmost recent financial statements and reports and registration statementfiled with the Canadian securities administrators (available at www.sedar.com).Should one or more of these risks or uncertainties materialize, orshould underlying assumptions prove incorrect, actual results may varymaterially from those anticipated, believed, estimated or expected.
Neither 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.