Mr. Peter Clutterbuck
reports
Acadia Resources Corp. has completed a second-tranche closing of its private placement (announced April 30 and May 15, 2013) of $370,000 through the issuance of 7.4 million subscription receipts at a price of five cents per receipt. Each receipt is convertible into one postconsolidated common share for no additional consideration. The receipts are subject to a four-month hold period expiring Dec. 2, 2013. The company paid finder's fees of $4,500 in connection with the second-tranche closing of the private placement.
In all, the company has raised a total $577,500 and issued a total of 11.55 million receipts under the private placement. The proceeds from the private placement will be used for general working capital purposes.
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