03:24:56 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Cricket Media Group Ltd
Symbol CKT
Shares Issued 5,441,334
Close 2014-11-19 C$ 0.18
Market Cap C$ 979,440
Recent Sedar Documents

Cricket Media closes fifth tranche of placement

2014-11-20 15:46 ET - News Release

Ms. Katya Andresen reports

CRICKET MEDIA COMPLETES ADDITIONAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Cricket Media Group Ltd. has completed an additional tranche of its previously announced non-brokered private placement and has issued 842,000 units of the company at a price of 65 cents per unit for gross proceeds of $547,300. Each unit consists of one restricted voting common share of the company and one-third of one restricted voting common share purchase warrant. Each warrant entitles the holder to purchase one additional restricted voting common share of the company at a price of 65 cents until March 31, 2015. Each restricted voting common share is convertible into one voting common share at any time at the option of the holder. The restricted voting common shares are not listed or posted for trading on the TSX Venture Exchange or any other stock exchange or marketplace and do not carry the right to vote for the election of directors of the company.

The company intends to use the net proceeds of the offering for general corporate purposes and working capital. All securities issued pursuant to this tranche of the offering are subject to a four-month hold period expiring on March 21, 2015.

The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from those registration requirements.

We seek Safe Harbor.

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