VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2013) - Ian A. Gordon announced that on December 3, 2013, he acquired ownership and/or control or direction over a total of 850,000 units of Astorius Resources Ltd. ("Astorius") by way of a non-brokered private placement for aggregate consideration of $51,000 or $0.06 per unit. Each unit consists of one common share in the capital of Astorius ("Common Share") and one-half of one common share purchase warrant of Astorius ("Warrant").
Each whole Warrant entitles the holder to purchase one additional Common Share at a price of $0.10 per Common Share for a period of 18 months from the closing date of the private placement.
As a result of this transaction, Mr. Gordon now owns, directly or indirectly, or exercises control or direction, over 1,650,000 Common Shares, representing approximately 14.03% of the total number of issued and outstanding Common Shares, and 825,000 Warrants. If all such Warrants were exercised, Mr. Gordon would own, directly or indirectly, or exercise control or direction over a total of 2,475,000 Common Shares representing approximately 19.67% of the then issued and outstanding Common Shares.
Mr. Gordon's acquisition was made for investment purposes. Mr. Gordon may, in the future, acquire ownership and control over additional securities of Astorius for investment purposes.