Announcing a Private Fundraising Initiative by Angkor Resources
Angkor Resources Corp. Raises CAD $770,000 Through Private Placement
Angkor Resources Corp., a resource optimization company listed on the TSX Venture Exchange (TSXV: ANK, OTC: ANKOF), announced a private placement on July 4, 2025, to raise up to CAD $750,000. The placement was over-subscribed, with a total of 4,400,001 units issued, raising gross proceeds of CAD $770,000.
Each unit consists of one common share and one-half common share purchase warrant. The units were offered at $0.175, with the same terms regarding warrants exercisable at $0.35 for 24 months from closing. No fees were paid in connection with the offering.
The proceeds from this private placement will be used for exploration activities and general working capital purposes. The shares issued and any shares issued from warrant exercises will be subject to a hold period of four months and one day. The private placement remains subject to final approval by the TSX Venture Exchange.
Details of the Private Placement
| Detail | Information | |------------------------------|-------------------------------------| | Amount raised | CAD $770,000 (over-subscribed) | | Unit price | $0.175 per unit | | Number of units issued | 4,400,001 units | | Unit composition | 1 common share + ½ warrant | | Warrant exercise price | $0.35 per common share | | Warrant expiry | 24 months from issuance | | Use of funds | Exploration projects and working capital | | Hold period for shares | 4 months + 1 day | | Broker fees | None paid | | Regulatory approval | Pending TSX Venture Exchange acceptance |
It is important to note that the news release contains forward-looking statements, which may not prove to be accurate. The closing of the Offering, its terms, the use of proceeds, and the receipt of TSX Venture Exchange acceptance are all forward-looking statements.
The exercise price of each full warrant is $0.35 for a period of 24 months following the closing of the private placement. Insiders may participate in the private placement. Finder's fees or brokers' commissions may be paid in accordance with TSX Venture Exchange policies.
The email address for Angkor Resources Corp. is [email protected], and the website is angkorresources.com. The telephone number is +1 (780) 831-8722. Angkor Resources Corp. can be followed on Instagram: @AngkorResources.
The copyright for the news release belongs to TheNewswire. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the news release. Principal does not assume any obligation to update the forward-looking statements except as required by applicable securities laws.
Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, involved in resource optimization in Cambodia and Canada.
The private placement raised a total of CAD $770,000, which is higher than the initial target of CAD $750,000, for the business of Angkor Resources Corp., a finance company specializing in resource optimization. The proceeds from this deal will be used for sports (exploration activities) and general working capital purposes.
