American Tungsten Announces Non-Brokered LIFE Offering of Shares

Core Viewpoint - American Tungsten Corp. is proceeding with a non-brokered private placement to raise $2,000,000 through the sale of 1,250,000 common shares at a price of$1.60 per share [1][4]. Group 1: Offering Details - The private placement is conducted under the Listed Issuer Financing Exemption, allowing it to be offered to purchasers in all Canadian provinces except Quebec [2]. - The securities offered will not be subject to a hold period under Canadian securities laws [2]. - The offering may close in one or more tranches and is contingent upon raising a minimum of $2,000,000 in gross proceeds [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for property payments, property exploration, marketing, and general working capital [3]. Group 3: Finder's Fees - The company will pay finders' fees of up to 7.0% of the gross proceeds raised and issue non-transferable finders' warrants equivalent to 7.0% of the number of shares sold [5]. Group 4: Company Background - American Tungsten Corp. is involved in the acquisition and exploration of mineral properties, including the Star Project in British Columbia and the IMA Mine Project in Idaho [7].