606m oz Silver - 1m oz Gold
One of the world’s largest undeveloped Silver projects - Argentina
Message: Increases the Offering Size of the Previously Announced Financing
| May 22, 2009 |
| Aquiline Resources Inc. Increases the Offering Size of the Previously Announced Financing |
| TORONTO, ONTARIO--(Marketwire - May 22, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES Aquiline Resources Inc. ("Aquiline" or the "Company") (TSX:AQI) is pleased to announce that it has agreed to increase the size of its previously announced offering (the "Offering") of common shares (the "Common Shares") from 6,000,000 to 7,200,000 Common Shares (see the press release of the Company dated May 21, 2009). The aggregate gross proceeds of the Offering will now be $16,200,000, based on the $2.25 per Common Share Offering price. All other terms of the Offering and the Company's agreement with the Underwriters remain the same, including the option in favour of the Underwriters (the "Over-Allotment Option") to arrange for purchases of up to an additional 900,000 Common Shares sold under the Offering to cover over-allotments, if any. The Over-Allotment Option is exercisable in whole or in part for a period of 30 days following closing under the same terms of the Offering for additional gross proceeds of up to $2,025,000. The Offering is being led by Cormark Securities Inc. and includes BMO Capital Markets, Dahlman Rose & Company, Dundee Securities Corporation and Haywood Securities Inc. (collectively, the "Underwriters"). The Offering is scheduled to close on or about June 4, 2009 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. Proceeds of the Offering will be used to fund Aquiline's 2009/2010 capital program and for general corporate purposes. The Common Shares offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. |
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