Augyva Mining cancels plans for C$5 million private placement of units

Feb. 17 offering would have been conducted by Industrial Alliance

By Devika Patel

Knoxville, Tenn., April 1 - Augyva Mining Resources Inc. said its C$5 million private placement of units, which priced Feb. 7 and was to be conducted through agent Industrial Alliance Securities Inc., will not occur.

Proceeds were to have been used for exploration on Quebec properties, strategic acquisitions and working capital purposes.

Augyva is an iron ore, gold and base metals mining company based in La Macaza, Quebec.

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