Acero-Martin Exploration Inc.: Repricing of 10,000,000 Unit Non-Brokered Private Placement and Increase in Units Offered
08 Juli 2009 - 8:57PM
Marketwired
Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:
ASD)(FRANKFURT: AMX) wishes to announce that the terms of its
private placement originally announced June 11, 2009, as revised by
press release dated June 22, 2009, has been further revised by the
reduction in the Unit price from $0.05 per Unit to $0.04 per Unit,
and the total number of Units offered has been increased from
10,000,000 Units to 12,000,000 Units. In addition, the Warrants
attached to the Units have been repriced to $0.05 per share from
$0.06 per share exercisable for a one year term, increased from the
six month period previously announced. Each Unit remains consisting
of one common share and one share purchase warrant exercisable into
one common share of the Company upon the surrendering of every two
full warrants. The proceeds of this private placement will be used
for general working capital. There may be a finder's fee payable in
relation to this private placement and the same is subject to
regulatory approval.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents.
On behalf of the Board:
Michael C. Scholz, Chairman and Director
ACERO-MARTIN EXPLORATION INC.
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.
Contacts: Acero-Martin Exploration Inc. Investor Relations
1-877-646-0067 (604) 646-0640 (FAX) info@acero-martin.com
www.acero-martin.com
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