Actus Minerals Corp.

January 14, 2014 09:30 ET

Actus Minerals-New Director, Consolidation and Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2014) -


Actus Minerals Corp. (TSX VENTURE:AAC) (the "Company") is pleased to announce that at the Company's recent Annual General and Special Meeting of shareholders, the Company's shareholders approved all items presented for voting. Most notably, shareholders approved the appointment of Mr. Michael (Mick) Shmazian to its board of directors, to fill the positions of Mr. John deHart and Mr. Daniel Coch, both of whom did not stand for re-election.

Mr. Shmazian has over 25 years in the mineral exploration industry and is the Founder and Chairman of Exchange Minerals Limited, a private, Belgium based, equity investment company established in 2005. Through a strong global network of consultants and companies, Exchange Minerals has been involved in the successful acquisition, exploration and development of a number of mineral and oil and gas projects in Australia, Europe and Africa.

The Company wishes to confirm that it still intends to complete, subject to Exchange approval, its previously announced consolidation of its current common shares on a five (5) current common shares into one (1) new post consolidated share and its non-brokered post consolidated private placement of up to 6,000,000 Units at a price of $0.05 per Unit. Each Unit of the private placement, consisting of one post consolidated common share and one, three year share purchase warrant entitling the holder to purchase an additional post consolidated common share at a price of $0.05 per share in year one and two and $0.10 thereafter until expiry. Gross proceeds of up to $300,000 will be used for general overhead and operating expenses.

The Company has engaged the services of Ariel Partners LLP of London, England to assist in the non-brokered financing. The Company will pay, a finders' fee of up to 10% of the gross proceeds in cash and up to 10% of the number of Units sold, in finders' warrants, the finders' warrants having the same terms and conditions as the Unit warrants and will not expire in one year as previously reported.

All securities issued pursuant to the private placement will be subject to a four month hold period trading restriction

"Carl von Einsiedel"
Carl von Einsiedel, Director

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 includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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