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Article: Proposed Corporate Reorganization - Private Placement of DOT Resources Ltd.
- Article from:
- PR Newswire Europe
- Article date:
- July 12, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Canada, July 12 /PRNewswire/ -- Further to Alhambra Resources Ltd. ("Alhambra"or the "Corporation") news release dated June 20 and July 4, 2007, relating to a proposed reorganization by way of an arrangement under the Business Corporations Act (Alberta) (the "Arrangement") involving Alhambra, its shareholders and a newly incorporated corporation, DOT Resources Ltd. ("DOT"), Alhambra is pleased to announce that as part of and concurrently with the conclusion of the Arrangement,DOT intends to complete a private placement ("Private Placement") of up to 10,000,000 DOT units ("Units") at a purchase price of CDN$0.20 per DOT Unit for aggregate gross proceeds of up ...