Aegis Resources Ltd. Completes Successful Private Offering

Aegis Resources Ltd. Completes its Recent Private Placement

In a significant development, Aegis Resources Ltd. has successfully finalized an oversubscribed non-brokered private placement. This initiative marks a crucial step in the company's journey, allowing it to secure necessary investments for its exploration projects.

Details of the Private Placement

According to the latest announcements, Aegis Resources Ltd. is issuing 12,000,000 common shares at a price of $0.10 each, translating to gross proceeds of $1,200,000. These funds play a vital role in supporting exploration efforts and general administrative expenses, ensuring the company remains on a growth trajectory.

Distribution and Fees

As part of the process, a finder’s fee totaling $36,300 has been allocated to qualified parties involved in the Placement. However, it’s important to note that all issued securities will adhere to a statutory holding period of four months plus a day, compliant with the relevant securities legislation.

Future Plans and Market Strategy

Despite being an unlisted public company, Aegis Resources has carved out a niche for itself with a strategic portfolio of mineral exploration assets located in Argentina, Colombia, and Australia. The company was spun out of Rugby Resources Ltd., showcasing its dedication to advancing mineral exploration while seeking joint venture partnerships. This approach not only minimizes shareholder dilution but also maximizes potential returns.

Insider Participation

Interestingly, certain insiders participated significantly in this Offering, acquiring an aggregate total of 1,400,000 Units. Such participation is considered a related-party transaction under applicable legislation, but Aegis Resources has obtained the necessary exemptions from formal valuation and minority shareholder approval processes, ensuring transparency and fairness.

Exploration Goals

Aegis Resources’ strategic direction centers on the advancement of its various projects, heralding a commitment to uncovering valuable mineral resources. With the fresh capital injection from this private placement, the company is poised to embark on its exploration initiatives with renewed vigor.

Contact Information

For those interested in learning more about Aegis Resources and its ongoing projects, Alejandro Adams, Director, is available for inquiries. He can be reached at +1 604.688.4941, and visitors to the company’s headquarters in Vancouver are welcome to drop by Suite 1890 – 1075 West Georgia St., Vancouver, BC Canada, V6E 3C9. Additionally, Aegis invites interested parties to connect via email at info@aegisresourcesltd.com.

Frequently Asked Questions

What is the main purpose of the private placement completed by Aegis Resources?

The private placement aims to raise funds for exploration activities and general administration expenses, facilitating the growth of the company.

How much capital did Aegis Resources secure through the placement?

Aegis Resources secured a total of $1,200,000 from the issuance of 12,000,000 common shares at $0.10 each.

What is the significance of the related-party transaction in this placement?

The related-party transaction reflects insider confidence in the company's future, with insiders acquiring 1,400,000 Units. It also necessitates adherence to regulatory exemptions for fairness.

Where are Aegis Resources' mineral exploration assets located?

The company has a strategic portfolio of mineral exploration assets situated in Argentina, Colombia, and Australia, emphasizing its regional diversity.

How can investors get more information about Aegis Resources?

Investors can get in touch with Alejandro Adams via phone or email. Additionally, they can explore more details on the Aegis Resources Ltd. website.

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