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Gemoscan Canada, Inc. Announces Second Tranche Closing of Private Placement |
October 08, 2011
TORONTO, ONTARIO--(Marketwire - Oct. 7, 2011) - Gemoscan Canada, Inc. ("Gemoscan" or the "Corporation") (CNSX:GES) is pleased to announce that, in compliance with CNSX policies, the closing of the second tranche of its previously disclosed non-brokered private placement is scheduled for October 12, 2011 for gross proceeds of Cdn.$84,000 (the "Offering"). Under the Offering, the Corporation issued 240,000 units (the "Units") at Cdn.$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 Cdn.$0.55 per Warrant Share and all Warrants will expire no later than October 12, 2013.
http://www.marketwire.com/mw/release.do?id=1570627&sourceType=3
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