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Article: Clearly Canadian Beverage Corp. Announces Completion of Private Placements.
- Article from:
- Business Wire
- Article date:
- February 14, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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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VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 14, 1996--CLEARLY CANADIAN BEVERAGE CORP. (the "company") has closed two previously announced private placements involving the issuance of a total of 2,750,000 units at a price of $1.52 per unit to various investors, including directors, officers and employees of the company (as to 2,250,000 units) and BIL (Far East Holdings) Ltd. (as to 500,000 units).
Each unit is comprised of one common share and one non-transferrable share purchase warrant entitling the holder to purchase an additional common share over a period of two years at an exercise price of $1.52 in the first year and $1.75 in the second year. The ...