Astorius Undertakes $1,200,000 Financing
ASTORIUS RESOURCES LTD.
Suite 2300, 1066 West Hastings Street, Vancouver, BC V6E 3X2 Tel: (604) 618-1758 Fax: (604) 277-0815
September 25, 2012 Symbol “ASQ”: TSX Venture Exchange
ASTORIUS UNDERTAKES $1,200,000 FINANCING
Astorius Resources Ltd. (ASQ -- TSX Venture) ("Astorius") is pleased to announce that it is undertaking – and has secured tentative agreements for – a non-brokered private placement financing by the issuance of 8,000,000 Units at a price of $0.15 per Unit. If the placements are totally sold Astorius will receive gross proceeds of $1,200,000. Each Unit will consist of one (1) share of the Company and one-half of a share purchase warrant. Each whole warrant will allow the purchase of one (1) additional share of the Company, at $0.20 per share, for a period of 18 months. It is anticipated that the sales will all be made through agents who will be paid cash commissions equal to 8% of the proceeds received from the sale of Units, and will be issued warrants equal to 8% of the number of Units which are issued.
The placement is subject to final negotiations and settlement of agreements – and acceptance for filing by the TSX Venture Exchange.
The funding is being raised by the Company to finance a planned work programme on the Company’s Lake Babine area mineral claims.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations – Tel: 604.618.1758 e-mail: [email protected] Fax: 604.277.0815 website: www.astoriusresources.com
ASTORIUS RESOURCES LTD.
T.J. Malcolm Powell President
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
\\tjy.local\DomainProfiles\Folders\Carl Jonsson\Documents\A\Astorius\rel\2012\Sept.25-12-re p-p.docx