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Re: Rawnoc post# 111589

Wednesday, 06/08/2011 8:19:01 AM

Wednesday, June 08, 2011 8:19:01 AM

Post# of 312030
Thanks for that.

In April 2011, the Company consummated

So the first sale WASN'T May?

con·sum·mat·ed, con·sum·mat·ing, con·sum·mates
1.
a. To bring to completion or fruition; conclude: consummate a business transaction.

"In April 2011, the Company consummated a confidential private placement for the issuance and sale of 1,068,071 Common shares at a price of $0.70 per share. The net proceeds received by the Company were in the amount of $747,650 and will be used for working capital management, development and preparation of the commercial operations of the P2O business. $504,672 of the proceeds was received during the period ended March 31, 2011 and recorded in common stock subscribed."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954206