Asia Now Resources has received encouraging results from the 2013 drilling program at the Beiya property on its Matouwan project. There were 15 holes drilled on the Yangjiayuan Block during the program for 4777.82 metres with seven holes returning significant intersections and the remaining eight returning no significant mineralization. 
Best result was 6.77 metres from 298.93 metres @ 3.18 grams/tonne gold, 194 grams/tonne silver, 5.4% lead and 0.95% zinc. Other results include 3.9 metres from 275.34 metres @ 4.34 grams/tonne gold, 186 grams/tonne silver, 1.19% lead and 1.74% zinc; 8.37 metres from 298.46 metres @ 0.98 grams/tonne gold, 149 grams/tonne silver, 2.85% lead and 2.57% zinc; 1.65 metres from 281.93 metres @ 112 grams/tonne silver, 3.58% lead and 2.97% zinc; and 2.55 metres from 220.59 metres @ 0.38 grams/tonne gold, 16 grams/tonne silver, 1.34% lead and 0.65% zinc.
The samples were assayed by Intertek Testing Services Ltd (Shanghai Branch), an accredited testing laboratory with the International Accreditation Service.
Asia Now last week announced a non-brokered private placement offering of senior unsecured convertible debentures for an aggregate principal amount of Can$2.5 million. The convertible debentures will be issued in denominations of $1000, subject to a minimum of individual subscription of $10,000.
The debentures bear interest at a fixed annual rate of 12%, calculated from their date of issue, to be paid quarterly in arrears, and have a maturity date of two years from the date of issue. They are convertible, in whole or in part, at the option of the holder at any time prior to the maturity date into common shares in the capital of the corporation at a conversion price of $0.05 per common share during the first year of the term and at a price of $0.10 per share during the second year of the term.
The corporation has secured a lead commitment from its controlling shareholder, China Gold Pte Ltd. Prior to giving effect to the offering, China Gold holds about 49.9% of Asia Now's common shares currently issued and outstanding. Pursuant to the commitment, China Gold has agreed to purchase a minimum of $1,248,000 in convertible debentures which, together with existing shares held by China Gold, would result in China Gold maintaining its 49.9% interest.
The proceeds from the offering will be used for exploration activities in China as well as general and administrative expenses and for general working capital purposes.
Asia Now Resources is a mineral exploration company active in China since 2002. Current projects include gold, silver, copper and lead at two major projects in China. The company holds an indirect 72% interest in the Beiya North Property, which can be increased to 90% at the mining development stage. Beiya North consists of a joint venture with Yunnan Non-Ferrous Resources Group Company. The company is currently earning a 55.4% indirect interest in the Habo South Property, which can be increased to 88% at the mining development stage, in a second joint venture with Yunnan Gold Mining Group Corporation. www.asianow.ca
Asia Now Resources