Attention Business Editors:
Border announces private placement and exercise of warrants
VANCOUVER, June 14 /CNW/ - Border Capital Corp. (CDNX:BOP) ("Border" or
the "Company") announces a non-brokered private placement of 3,125,000 units
at CDN$0.80 per unit for total proceeds of CDN$2,500,000. Each unit will
consist of one common share and one common share purchase warrant, exercisable
for a period of two years, entitling the holder to purchase one additional
common share for CDN$1.00 during the first year, and CDN$1.25 during the
second year. The private placement is subject to approval by the Canadian
Venture Exchange.
Border also announces that a total of 6,393,009 share purchase warrants
have been exercised at prices of $0.59 and $1.00 for total proceeds to the
Company of CDN$4,902,000. Management for Border wishes to thank our
shareholders for their confidence and support.
Border Capital Corp. develops broadband Internet and interactive
television lottery game systems, protected by U.S. and International Patents.
Border is also a majority investor in the St. Mary's Entertainment Center, a
successful licensed gaming facility located in Fredericton, New Brunswick.
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. |
