Business News • MarketWire • SelectCore Announces Closing of Private Placement Financing |
SelectCore Announces Closing of Private Placement Financing |
|
|
SelectCore Announces Closing of Private Placement Financing
TORONTO, ONTARIO--(Marketwired - April 13, 2017) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) is pleased to announce it has completed a non-brokered private placement financing (the "Financing") as previously announced on April 3, 2017, and that all insiders and board members have participated in this private placement.
Pursuant to the Financing, the Company issued 13,333,330 units ("Units") of the Company at a price of $0.15 per Unit to raise aggregate proceeds of $1,999,999.55. Each unit consists of one common share in the capital of the Company and one common share purchase warrant. Each full warrant will entitle its holder to purchase one additional common share at an exercise price of $0.20 for a period of three (3) years from the closing date of the private placement. In the event that the closing price of the Company's common shares on the TSX Venture Exchange is $0.50 or greater per common share during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, the warrants will expire, at the sole discretion of the Company, at 4:00 p.m. (Toronto time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the holders of the warrants.
View More : http://www.marketwired.com/mw/release.do?id=2209831&sourceType=3
|
|
|