PP CompletedAnimas Resources Ltd.
TSX VENTURE:
ANI
Aug 19, 2009 19:46 ET
Animas Resources Completes Financing for $1.5 Million
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - Aug. 19, 2009) - Animas Resources Ltd.("Animas" or the "Company") (TSX VENTURE:ANI) announces that it hasclosed the non-brokered private placement previously announced onAugust 6th, 2009. The private placement was increased slightly to whatwas previously announced and consisted of a total of 2,620,000 Unitssold at $0.60 per Unit for gross proceeds of $1,572,000. Theseadditional funds will be used to expand the drill program at the SantaGertrudis gold project and for general working capital.
Each Unit is comprised of one common share and one-half of onenon-transferable warrant. Each whole warrant entitles the holder topurchase one additional common share for a period of 24 months at aprice of $0.85 per common share during the 18 months from closing. Nofinder's fees are payable on the offering. The Company received theregulatory approval and all securities issued are subject to afour-month hold period, expiring December 20, 2009. An Insider by wayof being a greater than 10% shareholder has subscribed for anadditional 1,200,000 units which will increase his ownership of Animasto 14.2%.
Gregory E. McKelvey, President & CEO of Animas commented "Wehave spent the summer planning for the upcoming drilling campaign. Thegoal of this round of drilling is to focus on the two best large areasof gold mineralization and complimentary alteration in search of largeprecious metal deposits. The program will continue to review thehistoric resources, especially those in the southern part of thedistrict. The program envisioned is for at least 10,000 meters ofdrilling."
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. For additional information, contactAnimas Resources Ltd. at 604-687-6197, or you may register to receivefuture 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.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.