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. The funds raised from the rights shares issue will be used to defray AP Strat'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 Mar ’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.