Anglo Canadian Mining Corp. (the "Corporation") is pleased to announce a private placement for up to $200,000 to fund continued development of its 100% owned Princeton Copper Gold project located adjacent to the Copper Mountain. This private placement will consist of 1 million non-flow through units at a price of $0.05 with a full warrant exercisable for a period of 2 years; each warrant is exercisable at $0.08 in the first year and $0.12 in the second year and 3 million flow through units at a price of $0.05 with a half warrant exercisable for a period of 2 years; each warrant is exercisable at $0.08 in the first year and $0.12 in the second year. This financing is subject to TSX Venture exchange approval.
The Corporation has a permit to drill up to 10,000 meters in 2013 at the Princeton project, and pending accessibility to capital may increase the number of holes as the drilling season continues.
About Anglo Canadian Mining Corp.
Anglo Canadian is an exploration and development company with copper and gold projects in British Columbia and Yukon and Uranium Projects in the Otish Basin in Quebec and the Colorado Plateau, USA.
Current focus is on the copper, gold and palladium project adjacent to the Copper Mountain Mining operating mine located at Princeton, B.C
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 release.
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