| ||June 09, 2011|
Animas Resources Announces $1 Million Financing
Animas Resources Ltd. (TSX.V:ANI) Animas Resources is pleased to announce that it has agreed to complete a non-brokered private placement of 5,000,000 units (a "Units") at $0.20 per Unit for gross proceeds of $1 million, subject to acceptance by the TSX Venture Exchange. Each Unit is comprised of one common share and one-half of one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of 24 months at a price of $0.30 per common share.
The financing will be taken up by a group of long term supporters and insiders of Animas. Insiders of Animas will be participating for approximately 35% of the placement. The securities will have a four-month hold from the date of closing.
The financing proceeds will be used for mineral exploration on the Kinsley Mountain property in Nevada, for advancing the Santa Gertrudis gold project in Mexico, and for general corporate purposes. Finder's fees of 7% cash and 7% warrants may be paid on a portion of these offerings.
About Animas Resources Ltd.
Animas Resources Ltd.'s mission is to grow the Company through discovery and acquisition of high-quality mineral deposits of a significant size and to build upon the historic and current gold resources. The Company maintains a pipeline of only the highest quality projects including Santa Gertrudis in Sonora Mexico, and Kinsley Mountain in Nevada, USA.
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"
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.
You can view the Next News Releases item: Tue Jun 21, 2011, Animas Resources Closes $1,015,000 Financing
You can view the Previous News Releases item: Tue May 3, 2011, Animas Resources Commisions Study to Advance Santa Gertrudis, Prepares for Additional Field Work at Kinsley Mountain
You can return to the main News Releases page, or press the Back button on your browser.