Vancouver, B.C. (February 7, 2020) Astorius Resources Ltd. (TSX-V:ASQ) (“Astorius” or the “Company”) is pleased to announce pleased to announce that the TSX Venture Exchange has accepted for filing a financing for gross proceeds of $1,045,230.05 by issuing 15,484,889 units at a price of $0.0675 per unit. Each unit consists of one common share and one transferrable share purchase warrant exercisable at ap price of $0.09 for 2 years from the date of issuance. All shares and warrants issued pursuant to this financing will be subject to a statutory hold period of 4 months plus a day from the date of closing.
Finder’s Fees of 6% cash only paid to various finders’ as follows: $16,402.50 will be payable to PI Financial Corp., $2,807.25 will be payable to Golden Salmon Capital Corp., $1,620 will be payable to Canaccord Genuity Corp., $10,351.05 will be payable to Haywood Securities Inc., $3,000 will be payable to Leede Jones Gable, and $13,527.00 will be payable to Mackie Research Capital Corp.
Insiders of the Company subscribed for a total of $158,253.75, and Pro-Group members will be subscribing for a total of $153,763.72.
Proceeds from the placement will be used for general working capital and further exploration and development activities.
Astorius Resources Ltd. (www.astoriusresources.com) is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in North and South America.
For further information please contact:
Arthur Brown, President & Director (604) 685-7720 [email protected] www.astoriusresources.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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Astorius believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Astorius disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.