| Home : December 2011 : December 12, 2011 News : Gemoscan Canada, Inc. Announces Third Tranche Closing of Private Placement |
Gemoscan Canada, Inc. Announces Third Tranche Closing of Private Placement |
December 12, 2011
CALGARY, ALBERTA--(Marketwire - Dec. 12, 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 third tranche of its previously disclosed non-brokered private placement is scheduled for December 14, 2011 for gross proceeds of Cdn.$143,000 (the "Offering"). Under the Offering, the Corporation issued 408,571 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 December 14, 2013.
http://www.marketwire.com/mw/release.do?id=1597521&sourceType=3
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