READ IT AGAIN!This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Petrolympic 2.5-million-share private placement
2008-06-24 16:39 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation withrespect to a non-brokered private placement announced May 22, 2008.
Number of shares: 2.5 million shares
Purchase price: $1 per share
Warrants:2.5 million share purchase warrants to purchase 2.5 million shares
Warrant exercise price: $1.40 for an 18-month period
Hidden placees: Two
-THE WORDS "VALUE ADDED NEWS" MEAN EXACTLY THAT...NEWS!
-THE OPENING LINE IS THE ACCEPTANCE BY THE VENTURE EXCHANGE OF THE CLOSED PP ARRANGEMENT
,,,,NOTHING IS WRITTEN IN STONE THAT THE WORD "CLOSED" MUST BE INCLUDED BY THE VENTURE EXCHANGE IN FILING A CLOSED PP ARRANGEMENT.
-I WASN'T GOING TO BRING THIS UP TONIGHT BUT WILL ANYWAY,,,PETROLYMPIC INVESTOR RELATIONS HAS CONFIRMED THAT THE FUNDS FROM THE PP ARE TO BE USED IN A JOINT SUMMER PROGRAM WITH SQUATEX AND THAT THESE FUNDS CONTRARY TO PRIOR NEWS RELEASE ,WILL NOT GO TO COVER THE SQUATEX BUY-IN ,,..., THAT HAS ALREADY BEEN SUPERSEDED FROM THE PROCEEDS OF THE EXECUTION OF WARRANTS, AND WITH OTHER CASH ON HAND AVAILABLE TO THE COMPANY.
I DID POST THIS,,IN FACT A COUPLE OF TIMES.
BUT,,,NO MATTER,,BELIEVE WHAT YOU WANT,,.,OR JUST CALL THE COMPANY TO CONFIRM INDIVIDUALLY FOR YOURSELVES.