Iciena closes five-cent private placementIciena closes five-cent private placement
Iciena Ventures Inc (C:IIE)
Shares Issued 89,778,678
Last Close 2/27/2008 $0.105
Thursday February 28 2008 - News Release
Mr. Harry Lappa reports
CLOSING OF $250,000 PRIVATE PLACEMENT OF UNITS
Iciena Ventures Inc. has now closed a private placement of five million units at a price of five cents per unit for proceeds of $250,000. Each unit consists of one share and one share purchase warrant exercisable on or before Feb. 28, 2009, at a price of 10 cents per share.
All shares issued pursuant to this private placement together with any shares issuable on the exercise of the warrants have a hold period expiring June 29, 2008. The proceeds from the placement will be used for general working capital.
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