Not to worry N. R.they now have enough money to pay there wages.
Rhonda Corporation Quick Quote: V.RDM 0.18 (-0.01)
Private Placement-Brokered
7/23/03
Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 16, 2003:
Number of Shares: 1,000,000 flow-through common share
Purchase Price: $0.27 per share
Warrants: 1,000,000 share purchase warrants to purchase 1,000,000 shares
Warrant Exercise Price: $0.36 until May 1, 2004
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares New Insider=N [in the event warrants are exercised]
Ali Pejman P 39,075
Agent: Canaccord Capital Corporation
Agent's Fee: Cash: $21,600, which represents 8% of the gross proceeds raised and an administration fee of $3,500.
Securities: 200,000 warrants, which represents 20% of the Units sold, with an exercise price of $0.36 per warrant until May 1, 2004 and 32,000 Corporate Finance Units.