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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (8096)	7/25/2014 5:11:37 PM
From: Goose94	Read Replies (3) of 203520

Fast like lightening: Oceanus Resources (OCN-V) July 25, '14 has closed the previously announced non-brokered private placement and has issued eight million common shares at a price of 35 cents per share for aggregate proceeds of $2.8-million. Net proceeds from the funds raised will be used for exploration of Oceanus's La Lajita high-grade gold property located in Durango, Mexico, and for general working capital purposes. The private placement remains subject to compliance with the requirements of the TSX Venture Exchange. In connection with the closing, the company paid cash finders' fees of $15,002 and issued 42,861 finders' warrants to finders acting on behalf of the company in connection with the private placement. Each finder's warrant is exercisable into one common share of the company at 40 cents per share, for a period of 12 months from the closing date. All common shares issued in connection with the private placement, including the finders' warrants are subject to a four-month hold period that expires on Nov. 26, 2014. Officers and directors of the company subscribed for an aggregate of 760,435 shares.

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