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Amseco Plans $300 000 Private Placement

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© Marketwire 2012
2012-12-17 22:46:05 -

MONTREAL, QUEBEC -- (Marketwire) -- 12/17/12 -- Amseco Exploration Ltee. ("Amseco") (TSX VENTURE:AEL) is seeking to raise $300 000 via the issue of a non-brokered private placement of units at $0.01 cent per units. Each unit will be comprised of one common share and a 12 months purchase warrant for one full common share at 0.05$.(30 000 000 shares and 30 000 000 warrants). The minimum subscription will be tranches of 1500$ (150 000 shares and 150 000 warrants) and shares will be subject to a 6 months hold period and to the TSX venture Exchange's approval. Amseco is using the TSX-V temporary relief measures regarding the pricing requirements.

Under the TSX-V Policy 1.1, the principal purpose of the proceeds of the Private Placement must be to maintain or preserve the Issuer's existing operations, activities and assets. In addition, at least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer.

Neither 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.


Jean Desmarais


Exploration Amseco Ltee (AEL.V)

514 284-5111 / Cell : 514 898-5326

514 284-6111 (FAX) :

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