| Home : August 2012 : August 13, 2012 News : True North Gems Completes $725,400 First Tranche of Its $1 Million Private Placement |
True North Gems Completes $725,400 First Tranche of Its $1 Million Private Placement |
August 13, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2012) - True North Gems Inc. (the "Company") (TSX VENTURE:TGX) announces that it has raised gross proceeds of $725,400 in an initial closing of the non-brokered private placement announced on July 31, 2012. The funds were raised through the issuance of 14,508,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one-half non-transferable common share purchase warrant, each warrant exercisable for one additional common share for a period of one year at a price of $0.12 per share.
http://www.marketwire.com/mw/release.do?id=1690109&sourceType=3
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