VANCOUVER, British Columbia, Oct. 19, 2001 (PRIMEZONE) -- The CDNX has accepted for filing the non-brokered private placement as announced September 6, 2001. The shares have been issued and warrants reserved for the underlying securities.
A cash finder's fee of $11,000 is now payable. All funds were previously received by Andean American Mining Corp. (CDNX:AAG) This brings all matters relative to the financing to a close.
On behalf of Andean American Mining Corp.
"John F. Huguet" John F. Huguet President & CEO
This news release may contain forward-looking statements regarding upcoming work programs and events. Actual results may differ materially from those anticipated in such statements. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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CONTACT: Andean American Mining Corp.
John Devlin
866-885-0484
jdevlin@aag-cdnx.com
(604) 681-6186
toll free: 1-888-356-4784
Fax: (604) 681-3652
info@andeanamerican.com, info@aag-cdnx.com
www.andeanamerican.com