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Central Announces $200,000 Financing |
February 08, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is pleased to announce that it has negotiated a non-brokered private placement of $200,000 through the sale of 4,000,000 units at a price of $0.05 per unit.
Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 12 months from closing at an exercise price of $0.10. The Company may accelerate the expiry of the warrants (following the expiry of the 4 month hold period) if the twenty-day volume-weighted average trading price of the shares on the TSX Venture Exchange (or such other exchange on which the shares may be listed) exceeds $0.20 in which event the warrant will expire 30 calendar days after the date that the Company provides notice to the holders.
http://www.marketwire.com/mw/release.do?id=1617530&sourceType=3
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