Business News • MarketWire • Manera Completes $2,520,000 Private Placement, Announces Closing of Qualifying Transaction, and Change of Name to 'GT Gold Corp.' |
Manera Completes $2,520,000 Private Placement, Announces Closing of Qualifying Transaction, and Change of Name to 'GT Gold Corp.' |
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Manera Completes $2,520,000 Private Placement, Announces Closing of Qualifying Transaction, and Change of Name to 'GT Gold Corp.'
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2016) - Manera Capital Corp. (the "Corporation" or "Manera") (TSX VENTURE:MEA.P), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce that, in connection with the previously announced private placements relating to its Qualifying Transaction (the "Transaction") within the meaning of the policies of the Exchange described in the Company's filing statement (the "Filing Statement") dated October 28, 2016, Manera issued 16,000,000 units at a price of $0.15 per unit and 600,000 flow-through shares at a price of $0.20 per share pursuant to non-brokered private placements, for aggregate subscription proceeds of $2,520,000 (the "Financing"). Each unit consisted of one common share and one-half of a share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at a price of $0.20 until November 10, 2018. In conjunction with the closing of the Financing, Manera issued 53,333 common shares to Red Cloud Klondike Strike Inc. of Toronto ("Red Cloud"), and paid cash finders fees totaling $83,905 and issued a total of 496,033 finder warrants to certain arm's-length finders, with each finder warrant entitling the holder to purchase one common share of Manera at a price of $0.20 until November 10, 2018. All of the securities issued pursuant to these private placements, including the securities issued to Red Cloud and any shares issued pursuant to the exercise of the warrants forming part of the units or the finder warrants, are subject to a hold period until March 11, 2017.
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