Amseco Exploration Ltd – Closing of private placement
October 02 2020 - 2:01PM
(TSXV: AEL.H) Exploration Amseco Ltd (« Amseco » or
« the Company ») is pleased to announce that the Company has
closed a private placement of 141 600 $ at the price of
0,06 $ per share.
As a result of the Private placement, the company will issue a
total of 2 360 000 common shares. No investor in this
private placement is a Non-Arm’s Length Party to Amseco within the
meaning of the policies of the TSX Venture Exchange.
The proceeds of this private placement will be used to pay
outstanding debts and to provide the company with some cash flow
for the coming months. This private placement did not include any
warrant and no commission is payable to anyone.
All of the securities of Amseco issued under the Private
Placement are subject to a hold period of four months from the
closing date, expiring on January 29, 2021. The Private Placement
remains subject to final regulatory approval.
François LeComteDirector2159 Mackay Suite 200Montréal, Québec
H3G 2J2lecomte.amseco@gmail.com514-562-9778
Neither the 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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