Warrant info as requested Toronto, ON, September 21, 2012 – SelectCore Ltd. (“SelectCore” or the “Company”) (TSX-V: SCG) is pleased to announce the closing of its previously announced “best efforts” public offering of units (“Units”) pursuant to a short form prospectus (the “Offering”). The Offering was conducted by MGI Securities Inc. (the “Agent”). Each Unit was priced at $0.09 and consisted of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one Common Share at a price of $0.15 until September 21, 2015.
Pursuant to the Offering, the Company issued 59,138,183 Units, including 3,582,627 Units issued pursuant to the exercise of the over-allotment option granted to the Agent, for gross proceeds of approximately $5,322,436. In consideration for the services of the Agent in connection with the Offering, the Company paid a cash commission equal to 8% of the gross proceeds of the Offering and issued compensation options to acquire up to an aggregate of 4,731,055 Units exercisable at a price of $0.09 per Unit until September 21, 2015.