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:Teryl Resources closes $279,945 private placement 2009-11-25 18:45 ET - News Release Mr. John Robertson reports
TERYL RESOURCES ANNOUNCES COMPLETION OF $279,945 PRIVATE PLACEMENT OF 1,646,734 UNITS Teryl Resources Corp. has received regulatory approval and closed the non-brokered private placement announced in Stockwatch on Nov. 9, 2009. The private placement was oversubscribed by 146,734 units. The company has now issued 1,646,734 common share units as described in the Nov. 9, 2009, news release. Units were priced at 17 cents per unit, for gross proceeds to the company of $279,945. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable at a price of 22 cents per share for one year from the date of closing. Net proceeds of approximately $263,424 from this private placement will be used for accounts payable, including intercompany payables, and working capital purposes.
The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |