NewsSo we now have 170 million shares FD. Getting up there. Time to make this pay off and stop the dilution!!
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 10, 2017) - HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce that it has closed its previously announced investment by Greenland Venture A/S of 8,000,000 units ("Units") of the Company, at a price of $0.50 per Unit, for total proceeds of $4,000,000. Each Unit is comprised of one fully paid and non-assessable common share (a "Share") in the capital of the Company and one-half of a transferable share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Share (a "Warrant Share") in the capital of the Company until March 30, 2020, at an exercise price of $0.70 per Warrant Share. No fees were paid in connection with this placement.
Both the Shares issued as part of the Units and any Shares issued upon exercise of the Warrants are subject to a hold period, which expires on July 31, 2017 and, such common shares may not be traded until July 31, 2017, except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture Exchange.
On completion of this offering, Hudson's issued and outstanding securities will be comprised of 134,604,873 common shares, 9,410,000 options and 26,559,053 warrants.
Read more at https://www.stockhouse.com/news/press-releases/2017/04/10/hudson-closes-greenland-venture-a-s-financing-for-4-million#kWJ2pbOl0cTlKcDu.99