CVN.ca ~ announces that it has arranged a non-brokered private placement of up to 5 million flow-through units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $300,000 (the "Offering"). Each Unit will be comprised of one flow-through common share ("Share") and one non-flow-through share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.10 per Warrant Share
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