More News....CDB Raises $100,000 PrivatelyCloudbreak Resources Ltd (C-CDB) - News Release
Cloudbreak Resources raises $100,000 privately
2006-05-04 14:38 CT - News Release
Shares issued 22,878,802
CDB Close 2006-05-03 C$ 0.33
Mr. Mitchell Adam reports
PRIVATE PLACEMENT CLOSED
Cloudbreak Resources Ltd., further to its news in Stockwatch dated April 12, 2006, has closed its private placement of one million units at a price of 10 cents per unit, for gross proceeds of $100,000. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to purchase an additional common share at a price of 15 cents per share for a period of two years. There were no finders' fees paid.
The securities issued pursuant to the private placement to the placees are subject to restrictive legends expiring on Sept. 3, 2006.
The proceeds of the private placement will be used for general working capital.