Actus Minerals Corp.

December 23, 2009 18:20 ET

Actus Minerals Completes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2009) - Actus Minerals Corp. ("Actus") announces that it has completed an initial public offering (the "Offering") pursuant to which it has issued an aggregate of 7,000,000 units ("Units") at a price of $0.10 per Unit to raise aggregate gross proceeds of $700,000, all pursuant to a final prospectus dated November 17, 2009. Each Unit consists of one common share of Actus and one-half of one common share purchase warrant (a "Warrant"), each whole Warrant entitling the holder thereof to acquire one additional common share of Actus at an exercise price of $0.15 until December 23, 2011. Union Securities Ltd. (the "Agent") acted as agent in the Offering, in connection with which it and its selling group received an aggregate of 700,000 compensation warrants, each such compensation warrant entitling the holder to acquire one common share of Actus at an exercise price of $0.15 per common share until December 23, 2011. The Agent also receive a cash commission of $70,000 and a $20,000 corporate finance fee to which it was entitled in connection with the Offering.

Trading of the common shares of Actus on the TSX Venture Exchange is anticipated to commence at the opening of business on Monday, January 4, 2010. The common shares of Actus will trade under the symbol "AAC".

Actus is a junior mineral exploration company focused on the exploration and development of the semi-massive to massive sulphide exploration property in Levy Township, Abitibi Region, Quebec known as the Kayla property.

This press release includes "forward-looking statements" including expectations and objectives that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Actus. Statements regarding listing on the TSX Venture Exchange and commencing trading on the TSX Venture Exchange are subject to all of the risks and uncertainties normally incident such listings. Investors are cautioned that any such statements are not guarantees of future events and that actual developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Actus does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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.

Contact Information

  • Actus Minerals Corp.
    Investor Relations
    Toll Free: +1 (604) 638-8067