APD Advanced Primary Minerals Corporation

Advanced Primary Minerals Corporation (the "Corporation" or "APM") (TSX
VENTURE:APD) is pleased to announce that it intends to proceed with a private
placement offering of approximately $1,500,000 of common shares to qualified
investors at $0.15 per common share, subject to the receipt of all necessary
regulatory and stock exchange approvals. Certain of the officers and directors
of the Corporation and its parent company, Erdene Resource Development
Corporation, which holds approximately 64% of APM's outstanding common shares,
have agreed to participate in the offering. 


The Closing is expected to occur on or before July 31, 2010. The Corporation
intends to use the net proceeds of the offering to fund its capital program, for
general corporate purposes and debt repayment. The Corporation may pay finders'
fees to non-arm's length parties in connection with subscriptions by
non-insiders of the Corporation.


In addition, the Corporation intends to issue approximately 2,527,340 common
shares to Erdene Resource Development Corporation as settlement of CAD$379,101
in existing debt.


The common shares issued in connection with the offering and debt repayment will
be subject to a four month hold period from the date of issue.


About APM

APM, through its wholly owned subsidiary, Advanced Primary Minerals USA Corp.
(formerly Erdene Materials Corp.), operates a newly constructed kaolin
processing plant in Dearing, Georgia and has been active in Georgia and South
Carolina for over 10 years exploring for, evaluating, extensively testing and
securing high quality primary kaolin resources. APM has also operated an
industrial minerals laboratory in Eatonton, Georgia since 1998. The Corporation
is targeting value added products that benefit from the unique attributes of its
high quality, primary kaolin resource. Target markets include ceramics, paper,
paint and coatings, catalysts and other specialty industrial applications. APM
has 17,009,626 shares issued and outstanding and a fully diluted share position
of 18,708,197.

Advanced Primary Minerals Corporation (TSXV:APD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Advanced Primary Minerals Corporation (TSXV:APD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024