Ms. Anita Algie reports
UNITY CLOSES 1ST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Unity Energy Corp. has closed the first tranche of a private placement for a total gross proceeds of $125,000. The company filed a price reservation with the TSX Venture Exchange on Feb. 1, 2017, under the following terms: The company intends to issue up to a total of six million non-flow-through common shares at a price of five cents per share for total gross proceeds of $300,000.
The company received TSX-V approval on Feb. 16, 2017. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. Anita Algie, president and director of the company, participated in the placement, subscribing for a total of 800,000 common shares.
Proceeds from the offering will be used for general working capital and corporate purposes. No finders' fees were paid.
© 2024 Canjex Publishing Ltd. All rights reserved.