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Anglo-Canadian Mining Corp. Announces Closing of First Tranche of $200,000 Private Placement

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By Accesswire

Anglo-Canadian Mining Corp. (TSX-V: URA) (the "Company") announces it has closed the first tranche of its previously announced $200,000 private placement (announced August 8, 2013). Pursuant to the closing, the Company issued 1,512,500 flow-through units at $0.05 per unit and 200,000 non-flow through units at $0.05 per unit for gross proceeds of $85,625. Each flow-through unit consists of one common share of the Company and one-half of one common share purchase warrant, each whole warrant entitling the holder to acquire one additional common share of the Company for a period of 2 years at $0.08 in the first year and $0.12 in the second year. Each non flow-through unit consists of one common share of the Company and one common share purchase warrant entitling the holder to acquire one additional common share of the Company for a period of 2 years at $0.08 in the first year and $0.12 in the second year.

The Company also announces that Mr. Peter Espig, a director of the Company, has resigned to pursue other interests. The Company wishes to thank Mr. Espig for his services and wish him much success in his future endeavors.

ON BEHALF OF THE BOARD OF DIRECTORS

"Len J.Harris"

Len J. Harris, President

T: 604 669 6807 Toll Free: 866 488 3838

E: len@anglocanex.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.