Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Announces Closing of Private Placement
posted on
Feb 13, 2009 12:25PM
February 13, 2009
Amerigo Announces Closing of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2009) - Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") announced today that it has closed its previously announced non-brokered private placement (the "Financing") of 37.5 million units (each a "Unit") at a price of $0.28 per Unit, for aggregate gross proceeds of $10,500,000. Each Unit consisted of one common share ("Share") and one share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.33 until February 15, 2010, and thereafter at a price of $0.40 until February 14, 2011. Together with the issuance of Units for finders' fees in respect of a portion of the Financing, the Company issued a total of 38,744,400 Units. The net proceeds of the Financing will be used for working capital purposes.
Amerigo Resources Ltd. is a Canadian company producing copper and molybdenum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX
