800,000-share private placementErin Ventures 800,000-share private placement
2004-01-13 18:24 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 11 and March 26, 2003.
No. of shares:
800,000
Price:
25 cents per share
Warrants:
800,000 share purchase warrants for 800,000 shares
Warrant price:
35 cents for a one-year period
Placees:
Three placees participated
Finder's fee:
$15,000 cash payable to Blake Fallis
Pursuant to TSX Venture Exchange Corporate Finance Policy 4.1, Section 1.11 (d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances, the exchange may later extend the expiry dates of the warrants if they are less than the maximum permitted term.