NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
PAPUAN PRECIOUS METALS ANNOUNCES PRIVATE PLACEMENT FINANCING AMENDMENT
PAPUAN PRECIOUS METALS CORP. (the “Company”) announces a unit private placement financing of $600,000 at $0.08 per Unit. Each unit will consist of one common share plus one-half of one common share purchase warrant, with each whole warrant exercisable to purchase a common share at a price of at $0.12 for a period of two years (“Unit”). The financing will be partially brokered and partially non-brokered. A finder’s fee of 7% payable in cash or shares may be paid upon closing. The private placement of shares originally announced on April 29, 2014 will not proceed.
ON BEHALF OF THE BOARD
Dev Randhawa, Chairman and CEO
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
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