Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

July 12, 2007 08:50 ET

Amerix Precious Metals Announces Brokered Private Placement Financing

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - Amerix Precious Metals Corporation (TSX VENTURE:APM)(FRANKFURT:NJG) announced today that it has negotiated a brokered private placement with Coniston Investment Corp. ("Coniston") of up to 14,000,000 units of the Corporation at a price of $0.25 per Unit for aggregate gross proceeds of up to Cdn$3,500,000. Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant, with each full warrant entitling the holder thereof to purchase one additional common share of the Corporation at a price of $0.35 at any time prior to the date that is twelve months from the date of the closing of the Private Placement, provided that, after four months and one day, the Corporation may accelerate the expiry date of the warrants if the closing price of the common shares on the TSX Venture Exchange exceeds $0.45 for ten (10) consecutive trading days.

The Corporation intends to use the proceeds of the Private Placement for exploration work on its Brazilian properties and for general corporate purposes.

The Private Placement is expected to close on or about July 31, 2007 and is subject to normal closing conditions including the receipt of all necessary regulatory approvals.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Vila Porto Rico is the Corporation's main project, covering over 50,000 hectares. Vila Porto Rico has multi-million ounce gold potential, as it contains historic and active gold mines that anecdotal evidence suggests have produced over 2 million ounces from placer and bedrock mining operations. Amerix's objective is to create value for shareholders through expansion of bedrock gold resources, and development of placer and tailings gold resources. Brazil has enormous gold potential and is a proven mining-friendly country. Amerix staff has more than 50 years of combined experience in Brazil, and the Corporation has been active for more than 10 years. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and on the Frankfurt Stock Exchange under the symbol "NJG."

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Contact Information

  • Amerix Precious Metals Corporation
    Lawrence W. Snee
    (303) 668-7216
    CHF Investor Relations
    Jeanny So
    Broker Relations Specialist
    (416) 868-1079, Ext. 225
    Studer Consulting
    Marlies E. Studer
    +41 44 215 28 03