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:Carat Exploration to raise $400,000 for working capital 2008-07-15 20:23 ET - News Release Mr. Yannis Tsitos reports CARAT ARRANGES $400,000 PRIVATE PLACEMENT Carat Exploration Inc. has arranged a non-brokered private placement of one million units at a price of 40 cents per unit. Each unit will consist of one common share and one-half share purchase warrant. Each warrant is exercisable at a price of 65 cents per share
for a period of 12 months from closing. A finder's fee will be payable. If the stock trades
at a price greater than 90 cents per share for a period of 10 consecutive business days,
the warrantholder will decide whether or not to exercise the warrants within 10 further
business days. If the warrants are not exercised within this period, they shall be
terminated. The proceeds of the private placement will be used for general working
capital purposes.
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