Post by
tooez1 on Apr 28, 2015 3:31pm
PP...better than nothing? Apr.28....
>Hopefully it closes with the proceeds leading to a deal and not just survival; likely stock dumping to ensue (unless something really positive in mind), to ensure free warrants...so much for a low share count going forward.< .......................................................... 2015-04-28 12:56 et - news release mr. alan freidman reports adira energy announces private placement adira energy ltd. has arranged a non-brokered private placement for gross proceeds of up to $350,000 through the proposed issuance of up to seven million units at a price of five cents per unit, with each unit consisting of one common share in the capital of the company and one warrant to purchase common shares exercisable at five cents per share for a period of 36 months from the closing of the offering. the closing date for the offering has not yet been determined but is expected to occur by may 8, 2015. the units issued under the offering, including the common shares issuable upon the exercise of the warrants, will all be subject to a statutory hold period of four months and one day. completion of the offering is subject to the receipt of all applicable corporate and regulatory approvals, including that of the tsx venture exchange. ..........................................................="" 2015-04-28="" 12:56="" et="" -="" news="" release="" mr.="" alan="" freidman="" reports="" adira="" energy="" announces="" private="" placement="" adira="" energy="" ltd.="" has="" arranged="" a="" non-brokered="" private="" placement="" for="" gross="" proceeds="" of="" up="" to="" $350,000="" through="" the="" proposed="" issuance="" of="" up="" to="" seven="" million="" units="" at="" a="" price="" of="" five="" cents="" per="" unit,="" with="" each="" unit="" consisting="" of="" one="" common="" share="" in="" the="" capital="" of="" the="" company="" and="" one="" warrant="" to="" purchase="" common="" shares="" exercisable="" at="" five="" cents="" per="" share="" for="" a="" period="" of="" 36="" months="" from="" the="" closing="" of="" the="" offering.="" the="" closing="" date="" for="" the="" offering="" has="" not="" yet="" been="" determined="" but="" is="" expected="" to="" occur="" by="" may="" 8,="" 2015.="" the="" units="" issued="" under="" the="" offering,="" including="" the="" common="" shares="" issuable="" upon="" the="" exercise="" of="" the="" warrants,="" will="" all="" be="" subject="" to="" a="" statutory="" hold="" period="" of="" four="" months="" and="" one="" day.="" completion="" of="" the="" offering="" is="" subject="" to="" the="" receipt="" of="" all="" applicable="" corporate="" and="" regulatory="" approvals,="" including="" that="" of="" the="" tsx="" venture="" exchange.="">