Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) announces the closing of
a private placement with accredited investors for a total amount of $1,284,500.
The proceeds from this placement will be mainly used to extend and define
resources at Dufferin Mine. A second drill will be moved shortly to the mine for
surface drilling. An update on the plant commissioning will be released soon.


Alain Hupe, Ressources Appalaches president and CEO, declared: "In less than a
year, we have gone from exploration to an operational gold mining company. We
are now ramping it up to full capacity of 300 tpd by this August. With this new
financing, we will be able to move forward more rapidly toward our next goal of
doubling production".


In this placement Appalaches issued 12,845,000 flow-through units at $0.10 per
unit and 12,845,000 warrants. Each warrant gives its holder the right to
purchase one common share at $0.15 per share no later than May 28, 2016. These
securities are subject to a four-month holding period. In connection with this
placement, Appalaches paid finders' fees a total of $102,760 and issued
1,027,600 warrants, each giving the right to purchase one common share at a
price of $0.10 per share for a period of two years following the date of
closing. 


About Ressources Appalaches

Since it was created in 1994, the goal of Ressources Appalaches has been to
discover and develop deposits of base and precious metals in Canada with an
expertise targeted towards the Appalachian geological formation in Quebec and
Nova Scotia. The Company is mainly focused on the exploration and development of
the Dufferin Gold Mine in Nova Scotia. 


Photos of the Dufferin Mine and its facilities are available on the Company's
website at: 

www.ressourcesappalaches.com.

The contents of this press release were prepared and reviewed by Alain Hupe,
Eng. a Qualified Person as defined in NI 43-101. Neither the TSX Venture
Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts any responsibility for the
adequacy or accuracy of this release. 


This press release may contain certain forward-looking statements that include
elements of risk and uncertainty. Consequently, actual results may differ
substantially from those anticipated in such statements. These risks and
uncertainties are described in the quarterly and annual reports, and in the
documents submitted to the securities administration.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alain Hupe, Eng.
President and CEO
418-724-0901
info@ressourcesappalaches.com

(TSXV:APP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse
(TSXV:APP)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse