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Article: Crowflight Announces Private Placement Financing.
- Article from:
- Marketwire Canada
- Article date:
- September 21, 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, Sep 21, 2009 (Marketwire via COMTEX) -- CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX:CML) announces today that it has entered into an agreement with Kingplace Enterprises Limited ("Kingplace") for a Cdn$20 million private placement financing, pursuant to which Kingplace has agreed to purchase an aggregate of 80,000,000 common shares of the Company at a price of $0.25 per share (the "Financing"). The pricing of the shares is at an approximate 20% premium to the five-day volume weighted average trading price of the Company's shares on the TSX and at a 19% premium to the closing price on Friday, September 18, 2009. The financing is expected ...