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Article: Atlantis Announces Cdn$700,000 Bridge Financing.
- Article from:
- Marketwire Canada
- Article date:
- August 27, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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TORONTO, ONTARIO, Aug 27, 2009 (Marketwire via COMTEX) -- Atlantis Systems Corp. (TSX:AIQ) is pleased to announce that it has secured a Cdn$700,000 bridge financing for the purposes of providing additional working capital from CEO Capital Corp., a corporation controlled by Mark Rivers, the Chairman of Atlantis Systems Corp.
In connection with the financing, Atlantis will issue to CEO Capital Corp. purchase warrants to acquire 500,000 common shares at an exercise price of $0.02 per share for a period of two years. The issuance of warrants is subject to approval by the Toronto Stock Exchange.
"The bridge financing allows us to continue to invest in ...