Company puts out news late last nightUnited Reef 5.01-million-FT-NFT-share private placement
2008-05-28 17:32 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 14, 2008.
Number of shares: 2,187,500 flow-through shares and 2,822,500 non-flow-through shares
Purchase price: Eight cents per share
Warrants: 3,916,250 share purchase warrants to purchase 3,916,250 shares
Warrant exercise price: 12 cents for a two-year period
Hidden placees: Nine
Finder's fee: $8,064 in cash and 100,800 finder's warrants payable to Union Securities Ltd.; each finder's warrant is exercisable into one common share at eight cents for a two-year period
The remainder is available to Stockwatch subscribers.