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Vancouver, B.C. – December 5, 2012 – AndeanGold Ltd. (the "Company” or “AndeanGold”) (TSX Venture Exchange: AAU, Bolsa de Valores de Lima: AAU) is pleased to announce that it has increased its previously announced private placement (the “Placement”) (news releases of November 2, 2012 and November 15, 2012 ) from $1,200,000 to $1,271,500 and has closed (the "Closings') two additional tranches of the Placement. The Placement is being made on a non-brokered basis in Canada, and on a brokered basis in South America. Kallpa Securities SAB ("Kallpa"), based in Lima, Peru, is agent for any units sold to qualified South American investors. Kallpa was the sponsoring broker to the Company's recent listing on the Lima Stock Exchange.
The first tranche of the Placement closed on November 15, 2012, and involved the issuance of an aggregate of 9,975,000 Units to raise aggregate gross proceeds of $997,500. Pursuant to the Closings, the Company issued an additional 2,500,000 Units on November 30, 2012 to raise aggregate gross proceeds of $250,000 and an additional 240,000 Units on December 3, 2012 to raise aggregate proceeds of $24,000.
Under the Placement, the Company has issued to date an aggregate of 12,715,000 units ("Units") at a price of $0.10 per Unit. Each Unit consists of one common share and one-half share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of eighteen months from the respective Closing of each tranche at a price of $0.15 per share. The Company may close a final tranche of the Placement in December 2012.

Shares Outstanding: 59,958,000

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Autor (Datum des Eintrages): dosto  (05.12.12 20:23:13)
Beitrag: 44 von 206 (ID:43895241)
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