Acadian Mining Corporation Completes $900,000 Non-brokered Private Placement - Video Summary on www.investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2013) - Acadian Mining Corporation (TSXV: ADA) has successfully completed a $900,000 non-brokered private placement, consisting of 10 million shares at $0.09 per share.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of Acadian Mining Corporation. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Acadian" in the search box.
If you cannot view the video above, please visit:
Acadian Mining Corporation is a Nova Scotia, Canada based, gold exploration company, focused on exploring and developing its large portfolio of gold properties in Nova Scotia, Canada. The company's two core gold projects, the 15 Mile Stream and Beaver Dam, host NI 43-101 compliant gold resources of approximately 1.2 million ounces of gold, with 446,000 ounces in the indicated and another 812,000 ounces in the inferred categories. For more information please refer to the NI 43-101 reports that are available on SEDAR.
These two properties, less than 20 kilometres apart, are being explored and developed as potential bulk tonnage-open pit gold deposits.
Acadian currently has two Royalty Agreements with Flex Mining & Exploration Limited, who plan to develop both the Tangier and Forest Hill gold properties. Tangier and Forest Hill are both past producing mines within Nova Scotia. Acadian also has a Royalty Agreement with Goldworx International Corporation on the Goldenville property, which is Nova Scotia's largest historic gold producer.
Several other early stage projects in the Company's portfolio have potential to host bulk tonnage projects.
The shares currently trade at $0.09, and with approximately 64 million shares outstanding, the company is capitalized at $5.8 million.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.
Barry Morgan, CFO