Americas Petrogas Inc. is pleased to announce the closing of its non-brokered private placement of 2.0 million units (Units) to its recently appointed Chairman and director, Abdel Badwi, at a price of $0.25 per Unit for an aggregate offering price of $500,000.

Each Unit consists of one common share (Common Share) and one common share purchase warrant (Warrant), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.25 per Common Share for a period of three years from the date of closing provided that the trading price of the Common Shares is $0.75 or higher for not less than ten (10) consecutive trading days on the TSX Venture Exchange. The proceeds from the offering will be used for general corporate purposes.

Tags: Americas Petrogas