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North American Gem Inc > PP

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Post by Saturn4 on Jan 25, 2011 2:23pm

PP

Its only 600K ... WTF, shouldn't it be filled by now? Anyone know the status?

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Comment by SUCYN on Jan 25, 2011 3:57pm

North American Gem arranges $600,000 placement2011-01-11 17:30 ET - News ReleaseMr. Charles Desjardins reportsNORTH AMERICAN GEM INC. ANNOUNCES PRIVATE PLACEMENTNorth American Gem Inc.has arranged a non-brokered private placement of up to six million unitsat a price of 10 cents per unit for total proceeds of up to $600,000,subject to the approval of the TSX Venture Exchange.Up to sixmillion units ...more

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Comment by Saturn4 on Jan 25, 2011 11:20pm

So, what's the status?? Just wondering if anyone knows.

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Comment by shellfish1 on Jan 26, 2011 1:55am

Don’t knowand not sure either. Milestonesfor the last PP in 2010: August 4: announcementat .12. September 8: amendmentto .08.September 22:close of first trench (raised $792,086.24).October18: close of second and final tranches ($289,906). From the reducedpp and the prolonged time span, one can’t say that this dog is attractive. Thisactually is a warning sign. Remember thatNAG has been ...more

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North American Gem Inc