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| | May 13, 2010 Animas Resources completes financing for $1.4 million.
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Vancouver B.C. - Animas Resources Ltd. - TSXV-"ANI" ("Animas" or the "Company") announces that it has closed the non-brokered private placement of 4,000,000 units at $0.35 per unit for gross proceeds of $1.4 million. The funds will be used to expand the drill program at the Santa Gertrudis gold project, to conduct exploration at the Golden Arrow and Kinsley Mountain gold properties, and for general working capital.
Each unit is comprised of one common share and one-half of one non-transferable warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of 18 months at a price of $0.55 per common share. No finder's fees are payable on the offering. The completion of the private placement is subject to the regulatory approvals. All securities issued are subject to a four-month hold period. An Insider by way of being a greater than 10% shareholder has subscribed for an additional 2,294,500 units which will increase his ownership of Animas to 18.1%.
Gregory E. McKelvey, President & CEO of Animas commented "We are excited to be continuing our aggressive drilling at Santa Gertrudis, Mexico, and concurrently advancing two quality programs in Nevada toward drilling for additional indications of gold mineralization. We expect drilling on Golden Arrow to commence in the fall and we are excited about testing new gold targets and extending known ones. Our planned program at Kinsley Mountain starts with a sound boot-leather approach augmented by select modern geophysics both designed to continue and update, with modern thinking, the exceptional work completed in the past. We are encouraged by near-by discoveries that have significantly changed the geologic thinking in this part of Nevada."
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource company focused on acquisition and discovery, consolidated the Santa Teresa District's Santa Gertrudis precious metal and related deposits and prospects within a 562 square kilometer land holding. Our mission is to grow Animas Resources through discovery and acquisition of high-quality mineral deposits and to build upon the historic gold resource base at Santa Gertrudis, Mexico, and maintain a pipeline of only the highest quality projects. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
This news release was prepared by Company management, who take full responsibility for its content. For additional information, contact Animas Resources Ltd. at 604-687-6197, or you may register to receive future news releases at www.animasresources.com.
"Gregory E. McKelvey"
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Gregory E. McKelvey, President & Director
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.
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to drilling plans, timing of our planned NI 43-101 resource report, timing of assays, resource estimates, projections, our planned exploration and drilling programs, the availability of future financing for exploration and other plans, projections, estimates and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the Canadian securities administrators (available at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected.
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| | You can view the Next News Releases item: Mon Jun 14, 2010, Animas Resources reports a NI 43-101 Resource Estimate for Golden Arrow Project
You can view the Previous News Releases item: Mon Apr 26, 2010, Animas Resources Begins Exploration Programs At Golden Arrow and Kinsley Mountain Gold Properties, Nevada
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