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NYMET Holdings Obtains $50 Million in Investment Capital
NEW YORK, NY aEUR" 09/07/10 aEUR" NYMET Holdings, Inc. (PINKSHEETS: NYMH), an international Metal recycling and mining company with offices now in New York, Chicago, Montreal, India, and Chile, announced it has entered into a definitive agreement with AGS Capital Group, a New York based value fund, to provide investment capital of up to $50 million through a Reserve Equity Financing Facility.
In the Reserve Equity Financing Agreement with New York based AGS Capital Group LLC (www.agscapitalgroup.com), AGS has committed to purchase shares of the CompanyaEUR(TM)s common stock for cash consideration up to an aggregate of $50 million after NYMET Form S-1 filing has become effective with the SEC. The Agreement does not prohibit the Company from raising additional debt or equity financings, other than financings similar to this agreement.
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