AMERICAN CONSOLIDATED MINERALS CORP. 
By
Vancouver, British Columbia...American Consolidated Minerals Corporation (the "Company") announces that it has arranged a non-brokered private placement of up to 20,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000.
Each Unit will consist of one common share of the Company and one-half of one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 for a period of 24 months.
The net proceeds of the private placement will be added to working capital and will be applied towards a drilling program for the Company's Toiyabe Property in Lander County, Nevada.
Finder's fees may be payable in accordance with Exchange policies. The private placement is subject to regulatory approval.
American Consolidated is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist.
For details on the Company and its properties, visit the Company's website at www.americanconsolidatedminerals.com.
ON BEHALF OF THE BOARD:
Signed "Bryson Goodwin"
Bryson Goodwin, President
For further information, please contact: Bryson Goodwin
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Email: bgoodwin@imining.com
Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com.
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.
Each Unit will consist of one common share of the Company and one-half of one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 for a period of 24 months.
The net proceeds of the private placement will be added to working capital and will be applied towards a drilling program for the Company's Toiyabe Property in Lander County, Nevada.
Finder's fees may be payable in accordance with Exchange policies. The private placement is subject to regulatory approval.
American Consolidated is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist.
For details on the Company and its properties, visit the Company's website at www.americanconsolidatedminerals.com.
ON BEHALF OF THE BOARD:
Signed "Bryson Goodwin"
Bryson Goodwin, President
For further information, please contact: Bryson Goodwin
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Email: bgoodwin@imining.com
Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com.
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.
You can view the Previous News Releases item: Tue Mar 18, 2014, New President Appointed
|
distributed by
|
