Business News • MarketWire • SelectCore Announces Share Consolidation and Private Placement |
SelectCore Announces Share Consolidation and Private Placement |
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SelectCore Announces Share Consolidation and Private Placement
TORONTO, ONTARIO--(Marketwired - June 5, 2015) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) announces a share consolidation (the "Consolidation") on a ratio of 10 to 1 as to all of its common shares now outstanding. In addition, the Company announces its intention to also complete a subsequent private placement (the "Offering") for proceeds of up to $750,000 in the form of 15,000,000 common shares issued ("Issued Common Shares") at $0.05 each. In addition, each Issued Common Share will provide the applicable investor with one (1) warrant exercisable into one (1) common share expiring in 24 months which, if exercised, will result in proceeds per warrant to the Company of $0.08.
View More : http://www.marketwired.com/mw/release.do?id=2027089&sourceType=3
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