GREY:CWNYF - Post Discussion
Post by
fdjens1 on Sep 08, 2011 11:08am
More financing also announced
Add that dilution to the other 16 or so active private placements.
QUEBEC CITY, Aug. 30, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) is pleased to announce the closing of a non-brokered private placement of flow-through common shares and common shares totaling $288,000.
The Corporation closed a private placement of flow-through common shares and common shares consisting in the issuance of 4,080,000 flow-through common shares of Conway at a price of
.06 per share for proceeds of $244,800, 720,000 common shares of Conway at a price of
.06 per share for proceeds of $43,200 and 4,800,000 warrants. Each warrant entitles its holder to purchase one additional common share of the Corporation at a price of
.10 for a 12-month period from closing of the private placement.
The proceeds from the private placement will be used for exploration work on the Corporation's Quebec properties and for working capital purposes. The common shares issued and the underlying common shares to be issued pursuant to the exercise of the warrants under the private placement are subject to a restricted period on resale of four months and one day.
The Company also announces the resignation of Gilles Rochette as Chief Financial Officer and Director of Conway, for personal reasons. Laurent Beaudoin, CEO of Conway, will assume his responsibilities on an interim basis.
The private placement is subject to regulatory approval.
| Financing Type |
Company* |
Announce Date |
Notice Date |
Gross Proceeds |
Curr. |
Security |
Total Sec. Issued |
P/C** |
| Private Placement |
Conway Resources Inc. |
31/May/2011 |
31/May/2011 |
170,000.04 |
CDN |
Unit |
2833334 |
|
| Private Placement |
Conway Resources Inc. |
31/May/2011 |
31/May/2011 |
12,799.85 |
CDN |
Unit |
182855 |
|
| Private Placement |
Conway Resources Inc. |
31/May/2011 |
31/May/2011 |
115,199.98 |
CDN |
Unit |
1645714 |
|
| Private Placement |
Conway Resources Inc. |
06/Apr/2011 |
06/Apr/2011 |
265,200.00 |
CDN |
Unit |
5304000 |
|
| Private Placement |
Conway Resources Inc. |
06/Apr/2011 |
06/Apr/2011 |
46,800.00 |
CDN |
Unit |
936000 |
|
| Private Placement |
Conway Resources Inc. |
04/Apr/2011 |
04/Apr/2011 |
514,000.06 |
CDN |
Unit |
7342858 |
|
| Private Placement |
Conway Resources Inc. |
04/Apr/2011 |
04/Apr/2011 |
257,000.03 |
CDN |
Unit |
3671429 |
|
| Private Placement |
Conway Resources Inc. |
24/Dec/2010 |
31/Dec/2010 |
26,350.02 |
CDN |
Unit |
439167 |
|
| Private Placement |
Conway Resources Inc. |
24/Dec/2010 |
29/Dec/2010 |
4,650.00 |
CDN |
Unit |
93000 |
|
| Private Placement |
Conway Resources Inc. |
04/Oct/2010 |
06/Oct/2010 |
577,500.00 |
CDN |
Unit |
9625000 |
|
| Private Placement |
Conway Resources Inc. |
04/Oct/2010 |
06/Oct/2010 |
81,250.00 |
CDN |
Unit |
1625000 |
|
| Private Placement |
Conway Resources Inc. |
01/Oct/2010 |
06/Oct/2010 |
52,525.00 |
CDN |
Unit |
1050500 |
|
| Private Placement |
Conway Resources Inc. |
01/Oct/2010 |
06/Oct/2010 |
110,099.71 |
CDN |
Unit |
1572853 |
|
| Shares for Debt |
Conway Resources Inc. |
16/Sep/2010 |
16/Sep/2010 |
0.00 |
CDN |
Share |
1278659 |
|
| Property Acquisition |
Conway Resources Inc. |
21/Jul/2010 |
21/Jul/2010 |
0.00 |
CDN |
Share |
20000 |
|
|
|
|
|
|
|
Share |
400000 |
|
| Property Acquisition |
Conway Resources Inc. |
30/Jun/2010 |
30/Jun/2010 |
0.00 |
CDN |
Share |
10171740 |
|
| Private Placement |
Conway Resources Inc. |
16/Jun/2010 |
30/Jun/2010 |
200,000.00 |
CDN |
Unit |
4000000 |
|
| Shares for Debt |
Conway Resources Inc. |
09/Apr/2010 |
09/Apr/2010 |
0.00 |
CDN |
Share |
2066582 |
|
| Private Placement |
Conway Resources Inc. |
12/Mar/2010 |
26/Apr/2010 |
128,999.85 |
CDN |
Unit |
368571 |
|
|
|
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