VANCOUVER, July 17, 2012 - Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE:ABS) (OTCQX:ABZUF) is pleased to announce that it will conduct a non-brokered private placement to sell up to 20,000,000 units of the Company (the "Units") at a price of $0.15 per unit for gross proceeds of up to $3,000,000.
Each Unit shall consist of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of $0.20.
In addition, the Company may increase the size of the Offering by up to $2,000,000, in whole or in part, in Units at the issue price of $0.15 per unit, until two business days prior to the Closing Date, subject to applicable securities laws.
The net proceeds of the Offering are intended to be used by the Company for the advancement of Abzu's Nangodi Project and the Company's other gold projects in Ghana, and for general corporate purposes.
Closing of the financing is anticipated to occur on or about July 27, 2012 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The securities issued will be subject to a standard four month hold period.
On behalf of the board of directors of ABZU GOLD LTD.
Tim McCutcheon Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH U.S. NEWSWIRE SERVICES
Contact Information
Abzu Gold Ltd. Tim McCutcheon, Chief Executive Officer 604-638-3288 www.abzugold.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!