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Armistice Resources closes private placement offering for US$4.7 million

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Armistice Resources Corp.

On November 5, 2012, Armistice Resources Corp. (TSX: AZ) announced that it had closed the a fully marketed private placement offering of 16,344,000 units priced at $0.125 per unit and 19,374,000 flow-through shares priced at $0.14 per flow-through share for gross proceeds of $4,755,360. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of $0.20 per share for a period of 24 months. The private placement was led by Canaccord Genuity Corp. Armistice was advised in this transaction by at team of Fasken Martineau lawyers that included Alex Nikolic (corporate/securities) and Michael Bourassa (Global Mining) with the assistance of Aidan Hyde (student-at-law).



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