| Home : July 2011 : July 29, 2011 News : StoneShield Announces Close of First Tranche of Private Placement of Units |
StoneShield Announces Close of First Tranche of Private Placement of Units |
July 29, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2011) - StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) ("StoneShield" or the "Company") is pleased to announce the Company has received approval for, and closed the first tranche of a non-brokered private placement (the "Private Placement") to raise up to C$1,050,000 through the sale of up to 6,000,000 units (the "Units") at C$0.175 per Unit. Each warrant will entitle the holder to purchase one additional common share for 24 months from the closing of the Private Placement at a price of C$0.25 per share for the first 12 months and C$0.35 for the remaining 12 months. The first tranche consisted of 3,889,759 Units to raise gross proceeds of $680,707.80.
http://www.marketwire.com/mw/release.do?id=1544116&sourceType=3
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