Time to fill the trough up.Hogs must be fed.
lacement
2016-05-09 10:05 ET - News Release
Mr. Paul Bozoki reports
KOMBAT COPPER ANNOUNCES PRIVATE PLACEMENT FINANCING
Kombat Copper Inc. has launched a non-brokered private placement financing of up to 13.75 million units at a purchase price of eight cents per unit for gross proceeds of up to $1.1-million.
Each unit comprises one common share in the capital of Kombat Copper and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one share at a price of 13 cents per warrant share at any time for before the date that is three years from the date of issue, subject to an acceleration provision, whereby in the event that at any time after the expiry of the statutory hold period, the shares trade at 30 cents or higher on the TSX Venture Exchange, on a volume-weighted average basis for a period of 30 consecutive days, the company shall have the right to accelerate the expiry date of the warrants to the date that is 30 days after the company issues a news release announcing that it has elected to exercise the acceleration right.
The securities underlying the units, including the shares and warrants issued on closing, as well as the warrant shares issuable upon due exercise of the warrants, will all be subject to a four-month statutory hold period. Closing of the offering is expected to occur on or about May 12, 2016, and remains subject to a number of conditions, including without limitation, receipt of all necessary regulatory approvals, including the approval of the TSX-V. The company will pay up to 5 per cent in finders' fees in connection with the offering. The proceeds from the offering will be used for general working capital purposes.
We seek Safe Harbor.
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