|
|
Article: Valu-net Announces Private Placement.
- Article from:
- PR Newswire
- Article date:
- January 20, 2000
CopyrightCOPYRIGHT 2000 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)
|
CANADIAN VENTURE EXCHANGE SYMBOL: VNE
TORONTO, Jan. 20 /CNW-PRN/ - Valu-net Corporation ("Valu-net") (CDNX: VNE) - Valu-net Corporation is pleased to announce a proposed private placement of 2.5 Million units at a price of $1.20 CDN per unit, to raise gross proceeds of $3,000,000 each unit being comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to acquire one common share of the Company at an exercise price of $1.85 for eighteen months following the date of closing of the proposed private placement. Proceeds will be used to repay certain indebtedness, marketing and product development ...