The company now has $8 million bucks in the Bank and the right people positioned. Things should get exciting soon.
GFA is one of my favorites.
The TSX Venture Exchange has accepted for filing documentation withrespect to a non-brokered private placement announced April 19, 2011,and May 10, 2011.
Number of shares: 22,190,375 shares
Purchase price: 32 cents per share
Warrants: 22,190,375 share purchase warrants to purchase 11,095,190 shares
Warrant exercise price: 52 cents for a two-year period
Hidden placees: 140 hidden placees
Pro groups: Alex Holmes, 45,000;Calum Morrison, 30,000;Capital Street Group Investment Services Inc. (David Taylor), 40,000;Mark Van Remortel, 16,000;Brian Mok, 10,000;Abid Mukhtar, 13,000;Kelly Poncelet, 6,000;Ranjit Narayanan, 10,000;Aleksandra Stupar, 16,000;Michael Jacobs, 25,000;Christopher Wahlroth, 20,000;Gus Wahlroth, 180,000;Teymur Englesby, 20,000;David Garnett, 50,000
Finders' fees: $20,569.60 and 64,280 finder warrants payable to GlobalSecurities Corp.;$7,475.20 and 23,360 finder warrants payable to Union Securities Ltd.;$29,600 and 92,500 finder warrants payable to Jordan Capital MarketsInc.;$39,680 and 124,000 finder warrants payable to PI Financial Corp.;$133,624 and 417,575 finder warrants payable to Canaccord GenuityCorp.;$25,600 and 80,000 finder warrants payable to Juozas Papartis;$52,544 and 164,200 finder warrants payable to Nashira Inc.;$102,419.20 and 320,060 finder warrants payable to USC Commodity Ltd.(Each finder warrant is exercisable into one common share at a price of42 cents for a two-year period.)