NEWS and possible gaming licence
Las Vegas closes private placement for $575,000
2015-04-23 18:05 ET - News Release
Mr. Jake Kalpakian reports
LVFH CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING
Further to the news release dated April 2, 2015, Las Vegas From Home.com Entertainment Inc. has closed the non-brokered private placement financing and has issued 11.5 million units of the company at the price of five cents per unit for total gross proceeds to the company of $575,000. Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 10 cents per common share for a period of two years from closing.
The company has paid finders' fees totalling $11,450 in cash, 170,000 common shares and 399,000 share purchase warrants to arm's-length third parties. All securities issued have a hold period expiring on Aug. 18, 2015.
The funds raised will go toward marketing, the possible acquisition of a gaming licence and general working capital.
We seek Safe Harbor.