Market Overview

Amseco Plans $300 000 Private Placement

MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2012) - 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
Jean Desmarais
President
Exploration Amseco Ltee (AEL.V)
514 284-5111 / Cell : 514 898-5326
514 284-6111 (FAX)
jeandesmarais@amsecoexploration.com
www.amsecoexploration.com

 

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