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Announces Closing of Private Placement
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