Raptor Capital arranges $500,000 private placement
2007-01-30 16:37 ET - News Release
Mr. William Wylie reports
RAPTOR CAPITAL CORPORATION ANNOUNCES INTENTION TO CONDUCT NON BROKERED PRIVATE PLACEMENT
Raptor Capital Corp. intends to complete a non-brokered private placement of up to 10 million units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant shall entitle the holders thereof to purchase an additional common share for a period of two years from the closing date at a price of 10 cents per common share. The units and underlying securities will be subject to a four-month hold period. A 6-per-cent commission on certain portions of the proceeds from the offering will be paid to agents and non-arm's-length finders. Insiders to Raptor will be subscribing under the offering. The proposed private placement is subject to the approval of the TSX Venture Exchange.
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