Armor Closes $1,000,000 Private Placement

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Armor Closes $1,000,000 Private Placement

Canada NewsWire

VANCOUVER, July 25, 2016 /CNW/ - Armor Minerals Inc. (TSX-V: A) ("Armor" or the "Company") is pleased to announce it has closed the previously announced non-brokered private placement of 5,000,000 units at a price of $0.20 per unit for gross proceeds of $1,000,000 (the "Private Placement"). Each unit consists of one common share and one half of one common share purchase warrant. Each whole common share purchase warrant is convertible into one common share of the Company at a price of $0.40 for a period of 5 years.

Proceeds from the financing will be used for follow-up exploration on the recently announced drill results at the Warmister Project located in Buckingham, Virginia and for general working capital purposes.

As required under securities regulations, the securities issued through this transaction are subject to a hold period expiring November 26, 2016.

About Armor

Armor is a Canadian company engaged in the acquisition and exploration of mineral property interests. On October 28, 2015, the Company signed a definitive Earn-in Agreement with Jack's Fork Exploration, Inc. ("Jack's Fork") to acquire up to an 80% joint venture interest in the Warmister and Tower Hill gold properties located in Virginia, USA. Jack's Fork is currently the holder of certain mineral leases covering the Properties. Armor Minerals Inc. trades on the TSX Venture Exchange under the symbol "A".

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

Certain information in this news release, including any information relating to the statements regarding future expectations, beliefs, goals or prospects, constitute forward-looking information within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements containing the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "potential" and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Armor's ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including, without limitation, risks related to exploration; uncertainties related to financings; the uncertainties of interpreting exploration results and the other risks associated with being a mineral exploration company.

Armor disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties is contained in Armor's most recent annual and quarterly financial reports which are available online at www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of Armor relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication.

SOURCE Armor Minerals Inc

Copyright CNW Group 2016

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).