what is an anouncement given by the African Queen Mines Ltd?”
African Queen Mines Ltd is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $1.2 million. Under the terms of the private placement, the Company will offer for sale a maximum of 4,000,000 Units (the “Units”) at CAD $0.30 per Unit to institutional and private investors.
African Queen Completes $1.278 Million Private Placement: Posted : Fri, 15 May 2009 21:55:28 GMT Author : AFRICAN QUEEN MINES LTD. Category : Press Release VANCOUVER – (Business Wire) AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $441,810. Together with the first tranche, previously announced, the Company raised aggregate gross proceeds in this private placement of CAD $1,278,060. Under the terms of the private placement, the Company has issued in the second tranche 1,472,700 Units (the “Units”) at CAD $0.30 per Unit. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.45 until May 15, 2011. The Units issued in the second tranche are subject to a 4-month
The African Queen Mines Ltd (Frankfurt:QMO) (TSX VENTURE:AQ), an exploratory resource company with diversified mineral properties in Southern Africa, announced today (25 May) that the follow-up field work is now underway on multiple targets at the company’s Fingoe Gold Project in Tete province, Mozambique.
