Post by
richardtrader on Sep 26, 2014 5:47pm
9 minutes ago
Energizer Resources Completes Financing T.EGZ | 9 minutes ago TORONTO, ONTARIO--(Marketwired - Sept. 26, 2014) - Energizer Resources Inc. (TSX:EGZ)(OTCQX:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce that it has closed the previously announced private placement offering of common shares ("Common Shares") of the Company (the "Offering") an issue price of US$0.14 per Common Share for gross proceeds of US$4,800,000. The Offering consisted of a brokered and a non-brokered portion. The brokered portion of the Offering was conducted by a syndicate of agents led by GMP Securities L.P. and including Dundee Securities Ltd. The net proceeds from the Offering will be used primarily to fund the production of additional graphite concentrate samples from the Molo Project in Madagascar for distribution to potential offtake groups and end users of graphite which the Company is in advanced discussions with and for general working capital purposes. All securities issued in connection with the Offering will be subject to a minimum six-month hold period. The Company has obtained conditional approval from the Toronto Stock Exchange (the "TSX") for the listing of all Common Shares issued pursuant to the Offering. The Offering is subject to receipt of final approval of the TSX. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Comment by
WCoyote on Sep 30, 2014 3:51pm
GMP and Dundee are brokers. They are not investment banks or fund managers and are not buying for themselves. Feel free to pick up the phone and call them to ask. They are just exercising a trade for a customer like me or you. Geesh, what a maroon!
Comment by
WCoyote on Oct 01, 2014 11:20am
Because large investment institutions do not trade through retail brokers. It's just too costly. They hire their own people. In any case, I'll leave you to your views. It's just not that important to me. Sorry to interrupt your world view and dampen your spirits. In the end, you can, and will, believe whatever your like.