AP Strat

AP Strat - Latest news on the counter is its ongoing proposed rights cum warrants issue, where recall the group had in end Nov announced a renounceable rights-cum-warrants issue, on the basis of: - 5 rights shares @ 2¢ each for every 1 existing share, and - 1 warrant (exercise price: 2¢) for every 1 rights share subscribed Assuming none of the warrants are exercised, AP Strategic stands to raise between $12.6m and $21.7m, depending on the take-up rate of the rights share issue. The additional potential proceeds arising from the exercise of all of the warrants is ~$21.9m. The funds raised from the rights shares issue will be used to defray AP Strategic's expenses arising from its proposed reverse takeover of Coeur Gold Armenia from George H Richmond, which was first announced early Sep. The validity of the MOU was recently extended to 2 Jan ’14, as both parties continue to work on finalizing the definitive agreements. Note however that without further details on the potential transaction, including indicated or contingent resources and reserves of the mines, prevents much meaningful analysis.