LAS VEGAS, Aug. 19, 2014 /PRNewswire/ -- Amarium
Technologies, Inc. (PINKSHEETS: AMMG), through it's wholly owned
subsidiary Amarium Minerals Inc., has secured a US $3.15 Million financing with Anglo Asia Resource
Partners. Repayment of this financing will be in the form of a
revenue streaming agreement with Anglo Asia receiving 75% of all
net revenue until payback and 22% of all net revenue in
perpetuity. The previous sales contract with Anglo Asia
receiving 18% of all production at a discounted price of
$0.75 USD per pound will remain in
effect along with this new streaming agreement.
"Anglo Asia has been a key partner and a major factor in the
Company's ability to execute our strategic goals. We are very
pleased that Anglo Asia has entered into this new revenue streaming
agreement to become a major stakeholder of the Company and give us
the ability to expand our growth opportunities going forward," said
Adam Carter, the President and CEO
of Amarium Minerals. "Anglo Asia provides Amarium with solid
financial backing and the foundation required to continue building
out the Company's mission of becoming a mid-tier copper producer
within Latin America. Amarium is
committed to adding the necessary elements to the Company to take
it to the next level in the near term."
Anglo Asia Resource Partners is a private Hong Kong partnership that is focused on
procuring precious metals for the Asian market's manufacturing and
industrial supply chain.
Amarium is focused on the acquisition and development of base
metals projects in Mexico that are
currently in or near production and advanced exploration properties
that will add substantially to the Company's asset foundation.
Management is continuing to actively pursue mineral interests that
represent significant growth, value and cash flow
opportunities.
For additional information, please
visit: http://www.amariumminerals.com.
This press release contains statements that are forward-looking
and which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Amarium
Technologies, Inc.'s current expectations and projections about
future events, based on information currently available. The
forward-looking statements found in this press release may also
include statements relating to Amarium Technologies, Inc.'s
anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Amarium
Technologies, Inc. provides no assurance regarding the actual
outcome of the events contemplated by any forward-looking
statements included in this release. Amarium Technologies, Inc.
disclaims any obligation to update any of its forward-looking
statements, except as may be required by law.
Contacts:
Amarium Technologies Inc.
Investor Relations, 800-611-6584
info@amariumminerals.com
SOURCE Amarium Technologies Inc.