Box 153, Sexsmith Alberta Canada ANGKOR GOLD CORP. Announces Non-Brokered Private Placement
GRANDE PRAIRIE, ALBERTA (June 26, 2016): ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange (the "Exchange"), a non-brokered private placement of units at a price of $0.40 per unit, for gross proceeds of $1,200,000(the "Private Placement"). Each unit will consist of one common share of ANGKOR and one-half common share purchase warrant (each, a "Warrant"), with each full Warrant entitling the holder thereof to purchase one additional common share at a price of $0.50 per share for a period of 12 months.
A Finder's fee of cash and/or warrants may become payable in connection with this private placement.
Net proceeds from the financing will be used to for working capital and to advance the Company's mineral properties.
ANGKOR’s six exploration licenses in the Kingdom of Cambodia cover 1,273 km2, which the company has been actively exploring over the past 6 years. The company has now covered all tenements with stream sediment geochemical sampling and has flown low level aeromagnetic surveys over most of the ground. ANGKOR has drilled 21,855 meters of NQ core in 190 holes, and has collected in excess of 110,000 termite mound, ‘B’ and ‘C’ zone soil samples in over 20 centers of interest over a combined area of over 140km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.
ANGKOR GOLD CORP.
Angkor Gold Corp. is a public company listed on the TSX-Venture Exchange, and is Cambodia's premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national). For more Corporate information visit our website at: http://www.angkorgold.ca/
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Stephen Burega
Vice President of Corporate Development Telephone: (647) 515-3734 Email: [email protected]
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