Anglo Canadian Mining Announces Private Placement
(via Thenewswire.ca)
Anglo Canadian Mining Corp. ("Anglo Canadian" or the "Company") (TSX Venture: URA) is pleased to announce a private placement for a total of 1 million flow through units and 500,000 non-flow through units at a price of $0.05 per unit. The flow through units will consist of 1 common share and one half warrant with an exercise price of $0.10 in the first year and an exercise price of $0.12 in the second year. The non-flow through units will consist of one common share and one full warrant with an exercise price of $0.10 in the first year and an exercise price of $0.12 in the second year. A finder's fee may be paid on a part of the private placement.
Proceeds from this financing will be used to further development at the Princeton Copper / Gold Project and general working capital. Anglo Canadian's Princeton Copper / Gold Project is located adjacent to the open pit Copper Mountain mine located 20 km south of Princeton, British Columbia, which commenced operations in summer 2011.
This private placement is subject to TSX Venture Exchange approval.
About Anglo Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper, gold and uranium properties in Quebec, Colorado, British Columbia, and Yukon. For more information on the Company and its projects, please visit the website at www.anglocanex.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com
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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