Asia Pacific Mining Limited (“APML” or “the Company”) is pleased to announce the launch of its new corporate website. The Company is also providing shareholders an update on recent financing developments and project work.
Oversubscribed and Successful $1.35 Million Financing
The Company has completed a private placement of 2,244,878 shares at a price of 60 cents per share, for aggregate gross proceeds of $USD 1,346,927. Due to strong interest, the intended $1.2 million financing was oversubscribed. In association with the financing, the Company paid finders fees totaling $71,816.
Proceeds of the financing, together with funds in treasury, provide a strong financial platform towards advancing the Company’s strategy of licensing mineral prospects in Myanmar and negotiating with local business groups on Myanmar’s great past-producing mining districts.
Using both these approaches, the Company is assembling a portfolio of mineral projects across Myanmar, spanning commodities such as silver, lead, zinc, tin, tungsten and gold – commodities Myanmar historically produced in globally-competitive quantities.