Trading Symbol: AGS - TSX VENTURE
EDMONTON, April 10 /CNW/ - Agau Resources, Inc. ("Agau") announces it has
registered a wholly owned subsidiary, Navoro Mining, LLC ("Navoro"), in
Arizona. Six mineral claims in the Aguila, Arizona area, containing twenty
acres each, have been identified as suitable prospects and Navoro is in the
process of registering the claims. It is expected a further fourteen, twenty
acre claims will also be registered resulting in Navoro acquiring four hundred
acres, more or less, in the area.
The claims were identified by Ron Ashley and it has been agreed he will
be paid a finders fee of US$20,000 plus 300,000 common shares of Agau at a
deemed price of $0.31 per share.
Agau also proposes to issue a non-brokered private placement of up to
500,000 units at a price of $0.31 per unit. Each unit will consist of one
common share and one share purchase warrant ("Warrant"). Each warrant will
entitle the holder thereof to acquire one addition common share at a price of
$0.47 on or before two years from the date of issue. Proceeds of the private
placement will be used for exploration and general operations of Agau.
Payment of the finders fee and the proposed private placement are subject
to TSX Venture Exchange and other regulatory approvals.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY
OR ADEQUACY OF THIS RELEASE.
For further information:
For further information: Einar N. Myrholm, President, at (780) 413-9392,
facsimile (780) 496-9307 or at email@example.com