/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 26, 2012 /CNW/ - Amerix Precious Metals Corporation (TSXV: APM) ("Amerix" or the "Company") is pleased to announce that it has engaged Canaccord Genuity Corp. (the "Agent") to act as agent in connection with a proposed fully marketed private placement (the "Offering") of units (the "Units") to raise gross proceeds of approximately $3.0 million. Each Unit will be offered at a price of $0.12 per Unit and will consist of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (a "Warrant"). Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $0.18 at any time on or before that date which is 24 months after the closing date.
The net proceeds raised under the Offering will be for the advancement of the Company's Limão project and for general working capital purposes. The Offering is expected to close on or about October 17, 2012 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Common Shares and Warrants comprising the Units will be subject to resale restrictions for a period of four months and one day from the closing date under applicable securities legislation.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
The Units will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under National Instrument 45-106 in any Canadian provinces and territories as agreed upon by the Company and Canaccord and offshore (collectively, the "Jurisdictions"), and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
Amerix Precious Metals Corporation is an Ontario company, managed by an experienced team, exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through the delineation and expansion of bedrock gold resources, and realization of value from placer and tailings gold resources at the Company's properties. Brazil has significant gold potential and is a proven mining-friendly country. The Company's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJGN".
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Management Discussion and Analysis.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Amerix Precious Metals Corporation
For further information:
Amerix Precious Metals Corporation
President and Chief Executive
Phone: 647 260-0470
Chief Financial Officer
Phone: 647 260-0470