Asia Now Announces Proposed Shares for Debt Settlement
July 4, 2014 (Source: Marketwired) — NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Asia Now Resources Corp. (TSX VENTURE:NOW) (“ANR” or the “Corporation”) announces a proposed issuance of 1,429,900 common shares in the capital of the Corporation (each, a “Common Share”) at a deemed price of $0.05 per Common Share to settle quarterly interest payment obligations in the aggregate amount of $71,495. The Common Shares proposed for issuance represent the interest payments that have accrued from April 1, 2014 until June 30, 2014 on the Corporation’s senior unsecured convertible debentures (the “Convertible Debentures”) issued to China Gold Pte. Ltd. For further information on the Convertible Debentures see the Corporation’s news releases dated December 18, 2013 and April 9, 2014.
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The proposed shares for debt settlement is subject to the approval of the TSX Venture Exchange. All Common Shares issued pursuant to the proposed shares for debt settlement will be subject to a four month hold period from the date of issuance.
About Asia Now Resources:
Asia Now Resources Corp. is a mineral exploration company active in China since 2002. Current projects include gold, silver, copper and lead at two major projects in China. ANR currently holds an indirect 72% interest in the Beiya North Property (which can be increased to 90%). The Beiya North Property consists of a joint venture with Yunnan Non-Ferrous Resources Group Company Limited. ANR is currently earning a 57.42% indirect interest in the Habo South Property (which can be increased to 88%) in a second joint venture with Yunnan Gold Mining Group Corporation Limited. For more information, please visit www.asianow.ca.
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.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
This news release contains certain forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as “anticipates”, “believes”, “estimates”, “expects”, “plans”, “intends”, “potential”, “may” and other similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause ANR’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statements, unless otherwise required under applicable law.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>