Anaconda Mining Inc. (TSX:ANX) is pleased to announce that the holders of the 8,179,838 warrants with a strike price of $0.08 exercised 3,053,020 warrants for gross proceeds of $244,242 while 5,126,818 warrants went unexercised. The Company no longer has any warrants outstanding. After the warrant exercise, the Company now has 179,878,964 basic shares outstanding and 12,090,000 options outstanding, of which all are exercisable.
President and CEO, Dustin Angelo, stated, “The Company appreciates the continued support from shareholders. The additional capital received from this warrant exercise will assist us in executing upon our value-added initiatives.”
Headquartered in Toronto, Canada, Anaconda is a growth-oriented, gold mining and exploration company with a producing asset located on the Baie Verte Peninsula in Newfoundland, Canada called the Pine Cove mine.
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We acknowledge the [financial] support of the Government of Canada.