OTCPK:CNZCF - Post by User
Comment by
Smithwickson Jul 03, 2016 10:40pm
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Post# 25018577
RE:Over-Subscribed pp!
RE:Over-Subscribed pp! Mr. Ray Paquette reports
CANADIAN ZEOLITE PRIVATE PLACEMENT OVER-SUBSCRIBED
Canadian Zeolite Corp.'s private placement of up to 3.5 million units at 10 cents per unit is oversubscribed.
The TSX Venture Exchange has accepted an application to increase the size of the offering by an additional 700,000 units. Accordingly, the company will issue up to 4.2 million units at 10 cents per unit. Each unit consists of one common share and one share purchase warrant, entitling the holder to acquire an additional common share at 15 cents per share for a one-year period. On June 8, 2016, the company completed a first tranche and issued 670,000 units at 10 cents per unit to raise proceeds of $67,000.
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