Aginco-Eagle Invests $2.15 Million In AuEx Ventures

Aginco-Eagle has acquired 1 million units of AuEx Ventures in a private placement, at $2.15 per unit. Each unit contains one common share and half a purchase warrant. This warrant has an expiry date of two years, but the exercise price is $2.75 in the first year and $3.25 in the second. There's also an unspecified expiry-acceleration option attached to the warrants. As the news release specifies, these units will bump up Aginco's holdings in AuEx to 3,202,100 shares: 12.4% on a partially-diluted basis.

This item was released after the close of trading yesterday. Aginco was up $4.34 to close at $63.50, on heavy trading, while AuEx was down a nickel to close at $2.20 on light trading.

Aginco's Google Finance web page is here, and AuEx's is here.

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