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Article: CBM Asia Arranges CDN$3,000,000 Financing.
- Article from:
- Marketwire Canada
- Article date:
- September 16, 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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VANCOUVER, BRITISH COLUMBIA, Sep 16, 2009 (Marketwire via COMTEX) -- CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(OTCBB:CBMDF)(FRANKFURT:IY2) announces that it has arranged a private placement of 10,000,000 units (the "Units") at a price of CDN$0.30 per Unit for gross proceeds of CDN$3,000,000 (the "Private Placement"). Each Unit consists of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire an additional Share (a "Warrant Share") at a price of CDN$0.40 per Warrant Share for a period of 36 months, provided that if the Company's shares trade at CDN$1.25 per Share or more ...