GROSSINVESTOR STEIGT MIT 14 MIO. CAD IN NORSEMONT EIN
Ein Großinvestor, die Sentient Group, ein Fonds, der unter anderem auch von der HypoVereinsbank mit getragen wird, investiert 14 Mio. CAD in Norsemont (Preis pro Aktie ist 4 CAD). Auch zu erwähnen ist, dass das Management selbst ebenfalls noch einmal 2 Mio. CAD drauflegt, so, dass insgesamt 16 Mio. CAD in das Unternehmen fließen.
Press Release Source: Norsemont Mining Inc.
Norsemont Mining increases financing Wednesday January 18, 8:00 am ET
VANCOUVER, Jan. 18 /CNW/ - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is very pleased to announce it has secured a non-brokered private placement of $14,000,000 with institutional investor The Sentient Group. The company is concurrently finalizing an additional financing of up to $2,000,000 from insiders, associates and institutional investors. ADVERTISEMENT The private placement was first announced in Stockwatch on December 18, 2005. The amended terms are that Norsemont will issue up to 4,000,000 units at a price of $4.00 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share for two years at a price of $4.75 per share. The Warrants will have an "accelerator" provision such that if the closing price of Norsemont's common shares is $6.00 or higher for 10 consecutive trading days at any time after the closing date, Norsemont may, by issuance of a press release and written notice to the holders, give notice of "acceleration" of the warrant expiry date to the day which is 20 calendar days following the date of issuance of the press release.
The Sentient Group of funds will be subscribing for a total of 3,500,000 units of the private placement for a total of $14,000,000. This transaction is expected to close within 3 days subject to final Exchange acceptance.
Norsemont President & CEO, Marc E. Levy said: "We're delighted that a quality investor such as The Sentient Group has recognized the value of our asset at Constancia. Sentient is an exceptional group for us to partner with and they are determined to see our Constancia project move towards production. This is a considerable milestone for Norsemont to have achieved in less than twelve months since optioning the Constancia property from Rio Tinto. We are proud to attract such an outstanding financial partner to help in developing a first-class project such as Constancia. The Sentient Group has a long term approach to investing, is actively involved and able to provide strategic and long term planning advice. Their extensive experience in mining will provide Norsemont with additional resources to ensure our success."
Norsemont is pleased to have attracted multiple suitors who were prepared to fund the company. After completing a detailed review of the two main offers the board decided to accept a significantly larger offer at a marginally reduced price so that it will have sufficient funds to ensure the execution of its plans for Constancia and Amata. Although the placement with Sentient Group was discounted slightly when compared to the other offer, yet still above the existing market, the Board decided to go with Sentient for a number of reasons, including a 40% increase in the size of the offer, a reduction to a 1/2 warrant, an expedient closing and their long term strategic approach.
The financing proceeds will be used to fund the company's anticipated work programs on the Constancia project and Amata project, for investigation of asset acquisition activities and general working capital. A finder's fee will be payable on all or a portion of the private placement according to the TSX Venture Exchange policies including a fee payable to Allied Capital Corporation.
Securities issued pursuant to the private placement will be subject to a four-month hold. The private placement is subject to acceptance for filing by the TSX Venture Exchange.
As well, Norsemont Mining Inc. has granted 400,000 incentive stock options to certain employees, directors and consultants, exercisable at $4.00 per share. The options are exercisable for a period of five years from the date of grant in accordance with the terms of the company's plan. The grant is subject to the policies of the TSX Venture Exchange.
The Sentient Global Resources Fund is a 10-year closed-end private equity fund based in the Cayman Islands, investing principally in the development of natural resource based projects. The Fund consists of a Limited Partnership and a parallel Australian Trust, which invest pro-rata in the Fund's investments.
The Fund's sponsors are CDP Capital, Babcock & Brown and HypoVereinsbank. The Fund's investors range from government pension plans, corporate pension funds, institutional investors and industry participants. The global spread of investors from the USA, Canada, Germany and Australia complements its global mandate. For more information visit their web site at www.thesentientgroup.com
Norsemont Mining is a well-structured and financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.
§ Marc E. Levy,
§ Director & President
§ The TSX Venture Exchange has not reviewed and does not accept
§ responsibility for the adequacy or the accuracy of this release. We seek
§ Safe Harbor.
For further information
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