Press Release Source: Aquiline Resources Inc.
Aquiline to Raise $2.08 million in Brokered Private Placement
Tuesday July 22, 1:49 pm ET
TORONTO, July 22 /CNW/ - Aquiline Resources Inc. ("Aquiline") is pleased to announce that it has engaged Pacific International Securities in connection with a proposed private placement (the "Private Placement"), on a best efforts basis, of up to 3,200,000 units of Aquiline (the "Units") at a price of $0.65 per Unit, for gross proceeds of up to $2,080,000.
Each Unit shall be composed of one common share of Aquiline (each a "Common Share") and one-half of one non-transferable common share purchase warrant (each a "Warrant"). Each whole Warrant will entitle the holder to purchase one Common Share at any time until the first anniversary of the closing date of the Private Placement at an exercise price of $0.90.
The Private Placement is subject to receipt by Aquiline of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information
Marc C. Henderson, President, Tel: (416) 599-4133 Or visit our web site at www.AquilineResources.com |
