RE: BIG news out after bell...FINANCING..SWEET!!.Thought it was new information but was related to financing annouced before. Still good news that it's non-brokered and private...
2007-07-18 16:34 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 8, 2007, and June 28, 2007.
Number of shares: eight million shares
Purchase price: 10 cents per share
Warrants: four million share purchase warrants to purchase four million shares
Warrant exercise price: 15 cents per share for a one-year period
Number of hidden placees: 31 placees
Pro groups: Charles Malette 300,000; Melaney Phillips 100,000; James Taylor 150,000; Hugh Cooper 250,000; Larry Martin 100,000; William Thorpe 100,000; Leonard Raymond De Melt 400,000
Finders' fees: $15,000 payable to MBPics Capital Corp. (M. Marandino and B. Scarfe); $3,850 payable to Canaccord Capital Corp.