This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Stoneshield closes $915,000 private placement 2010-07-20 14:16 ET - News Release Mr. Kris Kottmeier reports STONESHIELD COMPLETES PRIVATE PLACEMENT Stoneshield Capital Corp. has completed the non-brokered private placement of 7.32 million units at 12.5 cents per unit for gross
proceeds of $915,000. Each unit consists of one common share and one non-transferable
common share purchase warrant. Each warrant entitles the holder to purchase one
additional common share for 24 months from the closing of the private placement at a
price of 18.5 cents per share for the first 12 months and 23.5 cents for the remaining 12 months.
Finders' fees of $51,205 were paid to finders and 409,640 non-transferable finders'
warrants were issued to finders in connection with the private placement. Each finder's
warrant entitles the holder to purchase one additional common share for 12 months from
the closing of the private placement at a price of 12.5 cents per share. All the shares issued
in the private placement and any resulting shares issued upon the exercise of any warrants
or finders' warrants will be subject to a hold period expiring on Nov. 17, 2010. The remainder is available to Stockwatch subscribers.
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