Monday, March 06, 2017 8:40:49 PM
Cameo Resources Corp. intends to undertake a private placement financing of up to four million units at a price of 25 cents per unit for gross proceeds of up to $1-million. Each unit will consist of one common share in the capital of the company and one share purchase warrant, and each warrant will entitle the holder to purchase one additional share at a price of 75 cents per share for a period of three years from closing of the financing. Proceeds of the financing are anticipated to be used for general working capital.
The company is also pleased to announce that it intends to issue 1.7 million shares at a deemed price of 25 cents per share in settlement of outstanding debt in the amount of $425,000 to two arm's-length creditors. The company anticipates that the financing and the shares-for-debt transaction will close concurrently.
All securities issued in the financing and shares-for-debt transaction will be subject to a statutory hold period expiring four months and one day after closing of each. Completion of the financing and the shares-for-debt transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM