Unity Energy closes $175,000 final tranche of financing 2017-02-24 15:43 ET - News Release
Ms. Anita Algie reports
UNITY CLOSES 2ND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Unity Energy Corp. has closed the second and final tranche of a private placement for total gross proceeds of $300,000; $175,000 of which was raised in this second tranche. The company issued a total of six million non-flow-through common shares at a price of five cents per share.
Anita Algie, president and a director of the company, participated in this second tranche, subscribing for one million common shares. As well, Dr. Peter Born, P.Geo., a director of the company, subscribed for 900,000 common shares.
The company received TSX Venture Exchange approval on Feb. 24, 2017. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.
Proceeds from the offering will be used for general working capital and corporate purposes. No finders' fees were paid.
2017 Canjex Publishing Ltd. All rights reserved.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aUTY-2446647&symbol=UTY®ion=C