GREY:CIMVF - Post by User
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Oilseekeron Oct 13, 2010 5:34pm
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NewsCANADIAN IMPERIAL VENTURE CORP.
Transmitted by CNW Group on : October 13, 2010 17:05
Canadian Imperial Venture Corp. Annual General Meeting
ST. JOHN'S, Oct. 13 /CNW/ - Trading Symbols: TSX Venture Exchange: CQV - Frankfurt Stock Exchange: DFM - Canadian Imperial Venture Corp. ("CIVC" / the "Company") announced today that its Annual General Meeting (the "Meeting") will be held at the Sheraton Hotel in St. John's, NL on Thursday, October 21st, 2010 commencing at 10:00 AM. Following the formal proceedings of the Meeting, the Company along with its partners and consultants, will present an update on the Company's activities and development plans for Western Newfoundland. The Company is also pleased to announce the First Closing of the non-brokered private placement previously announced on August 15, 2010. Upon the First Closing, a total of 10,500,000 Units were sold for proceeds of $525,000. The proceeds from the private placement will be used for working capital.
Each Unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant ("Warrant" ). One whole Warrant will entitle the holder to buy an additional share in the capital of the Company for a period of two years at a price of
.10 per share. All stock purchased under this private placement will have a four-month hold period, which expires February 13, 2011.
Year of the Profit, Oilseeker