ARA Anconia Resources Corp

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") announces
that it proposes to complete a non-brokered private placement offering (the
"Offering") of units ("Units") and flow-through units ("Flow-Through Units"), at
a subscription price of $0.10 per Unit and $0.12 per Flow-Through Unit, for
aggregate gross proceeds of up to $2,100,000.


Each Unit will consist of one common share of the Company and one-half of one
common share purchase warrant, with each whole warrant entitling the holder to
purchase one common share of the Company at a price of $0.15 per share for a
period of 12 months following the closing of the Offering.


Each Flow-Through Unit will consist of one common share of the Company to be
issued on a 'flow-though' basis and one-half of one common share purchase
warrant, with each whole warrant entitling the holder to purchase one common
share of the Company at a price of $0.16 per share for a period of 12 months
following the closing of the Offering.


The Company intends to close the Flow-Through Unit portion of the Offering by
the end of the month and anticipates that the Unit portion of Offering will
close in January 2014. All securities to be issued under the Offering will be
subject to a four-month statutory hold period in Canada.


In connection with the Offering, the Company may pay to certain finders (each, a
"Finder") a cash commission ("Commission") equal to up to 8% of the gross
proceeds of the Offering.


Completion of the Offering is subject to certain conditions including, but not
limited to, receipt of TSX Venture Exchange acceptance.


It is intended that the proceeds from the Offering will be used to advance the
Company's projects and for general working capital purposes. Proceeds from the
sale of the Flow-Through Units will be used for Canadian Exploration Expenses on
the Company's properties.


About Anconia

Anconia is a base and precious metals exploration and development company, which
is focused on providing shareholder value through the advancement of its
properties in the Nunavut Territory, Canada. Anconia is undertaking a
comprehensive exploration program to determine the potential of the projects
currently in its portfolio.


Forward-Looking Information

This news release contains forward looking statements and information under
applicable securities laws, including with respect to the timing of completion
of the Offering and the anticipated use of proceeds therefrom. Words such as
"may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate"
and similar terminology are used to identify forward-looking statements and
forward-looking information. Such statements and information are based on
assumptions, estimates, opinions and analysis made by management of Anconia in
light of its experience, current conditions and its expectations of future
developments as well as other factors which it believes to be reasonable and
relevant. Forward-looking statements and information involve known and unknown
risks, uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied in the forward-looking statements and
information. Risks and uncertainties that may cause actual results to vary
include but are not limited to: the speculative nature of mineral exploration
and development, including the uncertainty of mineral reserve and resource
estimates; uncertainties relating to the availability and costs of financing
needed to complete exploration activities; exploration costs varying
significantly from estimates; delays in the exploration and development of,
and/or commercial production from, the properties in which Anconia has an
interest; unexpected geological or hydrological conditions; operational and
technical difficulties; fluctuations in commodity prices; the existence of
undetected or unregistered interests or claims, whether in contract or in tort,
over the property of Anconia; success of future exploration and development
initiatives; competition; operating performance of facilities; environmental and
safety risks, including increased regulatory burdens, seismic activity, weather
and other natural phenomena; inability to, or delays in, obtaining necessary
permits and approvals from government authorities; risks relating to labour; and
other exploration, development and operating risks; changes to and compliance
with applicable laws and regulations, including environmental laws and obtaining
requisite permits; as well as other risks and uncertainties which are more fully
described in Anconia's annual and quarterly Management's Discussion and Analysis
and in other filings made by Anconia with Canadian securities regulatory
authorities and available at www.sedar.com.


Forward-looking information speaks only as of the date on which it is provided
and, except as may be required by applicable securities laws, Anconia disclaims
any intent or obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise. Although
Anconia believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a guarantee of
future performance and accordingly undue reliance should not be put on such
information due to the inherent uncertainty therein.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anconia Resources Corp.
Jason Brewster
President and C.E.O.
416-815-9777

Anconia Resources (TSXV:ARA)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Anconia Resources (TSXV:ARA)
Historical Stock Chart
Von Jun 2023 bis Jun 2024