| Home : September 2011 : September 27, 2011 News : Gemoscan Canada, Inc. Announces Frist Tranche Closing of Private Placement |
Gemoscan Canada, Inc. Announces Frist Tranche Closing of Private Placement |
September 27, 2011
TORONTO, ONTARIO--(Marketwire - Sept. 26, 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 the first tranche of its previously disclosed non-brokered private placement is scheduled for September 28, 2011 for gross proceeds of C$620,000 (the "Offering"). Under the Offering, the Corporation issued 1,771,428 units (the "Units") at C$0.35 per Unit. Each Unit consisted of one Class A share ("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 C$0.55 per Warrant Share and all Warrants will expire no later than September 28, 2013. In connection with the Private Placement, finder's fees may be payable. The Private Placement and finder's fees are subject to applicable regulatory approvals.
http://www.marketwire.com/mw/release.do?id=1565532&sourceType=3
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