| Home : January 2011 : January 26, 2011 News : Gemoscan Canada, Inc. Announces Closing of Private Placement |
Gemoscan Canada, Inc. Announces Closing of Private Placement |
January 26, 2011
TORONTO, ONTARIO--(Marketwire - Jan. 25, 2011) - Gemoscan Canada, Inc. ("Gemoscan" or the "Corporation") (CNSX:GES) (MUN:1GE) is pleased to announce that, in compliance with CNSX policies, the closing of its previously disclosed non-brokered private placement is scheduled for January 27, 2011 for gross proceeds of Cdn.$218,700.00 (the "Offering"). Under the Offering, the Corporation issued 624,857 units (the "Units") at Cdn.$0.35 per Unit. Each Unit consisted of one common share and one half of one common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one common share of the Corporation (the "Warrant Share") at a price of Cdn.$0.50 per Warrant Share, from January 27, 2011 to January 27, 2012 and at a price of Cdn.$0.60 per Warrant Share from January 28, 2012 to January 27, 201
http://www.marketwire.com/mw/release.do?id=1385533&sourceType=3
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