Vancouver, British Columbia…American Consolidated Minerals Corp. (the “Company”) announces it has closed Tranche 1 of its previously announced non-brokered private placement (see news release of March 26, 2014), raising $167,141.60 through the issuance of 3,342,832 Units at a price of $0.05 per Unit.
Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of $0.10 for a period of two years from the date of closing.
No finder’s fees were payable on Tranche 1 of the private placement. All securities issued are subject to a hold period of four months and one day in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.
American Consolidated is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist.
For details on the Company and its properties, visit the Company’s website at www.americanconsolidatedminerals.com.
ON BEHALF OF THE BOARD
Bryson Goodwin,
President
For further information, please contact: Bryson Goodwin
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Email: [email protected]
Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
