GREY:EORBF - Post by User
Comment by
thecreativeon May 31, 2012 11:24am
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Post# 19965593
RE: upndown7
RE: upndown7 After November 5 we r allright. Just before HPA plant starts producing.
Further to its press releases dated October 28 and November 1, 2010, Exploration Orbite V.S.P.A. Inc. ("Orbite") (TSX VENTURE: ORT.A) is pleased to announce it has completed its previously announced brokered private placement for total gross proceeds of CDN$12,150,000 (the "Offering"). The Offering was comprised of 27,000,000 units (the "Units") priced at
.45 per Unit, each Unit being comprised of one Class A share in the capital of Orbite and one-half of one Class A share purchase warrant of Orbite (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles its holder to acquire one Class A share of Orbite at a price of
.75 if exercised on or prior to November 5, 2011, or at a price of $0.85 if exercised thereafter. The Warrants will expire on November 5, 2012.