(off topic) Taipan closes $6 M financing Taipan Resources closes $6-million financing
2014-04-07 06:46 ET - News Release
Mr. Joel Dumaresq reports
TAIPAN RESOURCES INC. ANNOUNCES CLOSING OF $6,000,000 PRIVATE PLACEMENT
Taipan Resources Inc. has closed its previously announced non-brokered private placement and has raised gross proceeds of $6-million through the issuance of 16,666,667 units at a price of 36 cents per unit. Each unit consists of one common share of the company and one transferable share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the company for a period of four years at an exercise price of 50 cents. The company anticipates issuing up to an additional 1,111,111 units, for additional gross proceeds of $400,000, in the coming week.
In connection with the private placement, the company paid cash finders' fees and issued finders' warrants to certain finders. Each finder's warrant entitles the holder to purchase an additional common share of the company for a period of four years at an exercise price of 50 cents. All securities issued pursuant to the private placement are subject to a statutory hold period of four months and one day. The company intends to use the proceeds from the private placement for exploration expenditures and for general working capital purposes.
We seek Safe Harbor.
{ Himtard, I see you're still around with the same know-nothing add nothing and complain about everything/everyone eh you whiny little beach? Why don't you grow up or grow a set ? }