04:40:48 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Brookwater Ventures Inc (2)
Symbol BW
Shares Issued 27,137,634
Close 2015-11-30 C$ 0.075
Market Cap C$ 2,035,323
Recent Sedar Documents

Brookwater Ventures arranges $85,000 private placement

2015-12-01 18:07 ET - News Release

Mr. Ahmed Said reports

BROOKWATER ANNOUNCES $85,000 PRIVATE PLACEMENT OF UNITS

Brookwater Ventures Inc. intends to complete a non-brokered private placement financing of 1,307,692 units at a price of 6.5 cents per unit for gross proceeds of up to $85,000. Each unit will comprise one common share of Brookwater and one common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share of Brookwater at an exercise price of 10 cents per common share for a period of 24 months following the closing date of the offering. If at any time after four months and one day from the closing of the offering, the common shares of the company trade at 20 cents per common share or higher (on a volume weighted adjusted basis) for a period of 20 consecutive days, the company will have the right to accelerate the expiry date of the warrants to the date that is 30 days after the company issues a news release announcing that it has elected to exercise this acceleration right.

The closing date of the offering is scheduled to be on or about Dec. 7, 2015. All securities issued will be subject to a hold period of four months and one day.

The offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals. The gross proceeds of the offering will be used for general corporate purposes.

We seek Safe Harbor.

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