| Home : May 2011 : May 17, 2011 News : Guardian Exploration Announces $500,000 Flow Through Share Financing |
Guardian Exploration Announces $500,000 Flow Through Share Financing |
May 17, 2011
CALGARY, ALBERTA--(Marketwire - May 17, 2011) - Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Company") is pleased to announce the offering of up to 5,000,000 units of the Company at a purchase price of $0.10 per unit for gross proceeds of $500,000, each unit consisting of one common share of the Company to be issued on a "flow through" tax basis (each a "Flow Through Share") and one purchase warrant, each whole warrant exercisable into one Common Share upon payment of $0.15 per share for a period of 24 months from the date of issuance. The Company has agreed to pay a finders' fee to eligible persons in the aggregate amount of 7% of the proceeds of the Offering raised by such persons and 7% of the number of securities placed by such persons in finders warrants. Each finders warrant is exercisable into one Common Share upon payment of $0.10 per share for a period of one year from the date of issuance.
http://www.marketwire.com/mw/release.do?id=1515882&sourceType=3
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