Friday, June 27, 2008 1:11:14 PM
Compare with MONA private placement:
ORONTO, June 20, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that the issuer has completed the private placement. The company is pleased to announce that the offering was fully subscribed for total proceeds of $750,000.00.
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
All shares issued pursuant to the placement will bear a legend restricting transfer until December 31, 2008.
MONA private placement is much better ....hmmmm
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