TKRN .131 AND offering $1.50?of 10,000,000 units at a price of $1.50 per unit. (COMTEX) B: Tekron, Inc. Announces a $15 Million Private Placement
B: Tekron, Inc. Announces a $15 Million Private Placement
FORT LAUDERDALE, Fla., Sep 22, 2003 (PRIMEZONE via COMTEX) -- Tekron, Inc.
(OTCBB:TKRN) today announced that it will offer a US $15 million private
placement offering of 10,000,000 units at a price of $1.50 per unit.
Each unit consists of one common share and one warrant. The warrants expire on
September 22, 2004 and entitle the holder to purchase one additional common
share at a price of $3.00 per share. No finders fees will be associated with
this placement. The shares and warrants were placed pursuant to regulations
under the SEC Act of 1933, as amended.
Proceeds from private placement will be used for general working capital and to
fund Tekron's ongoing acquisition activities.
"The investment community is continuing to show strong confidence in our
company's growth prospects," said Luigi Brun, President of Tekron, Inc.,
"following our successful acquisition targets that are complementary to Tekron
business and that would add significant value for the company and its
shareholders."
About Tekron:
Tekron, Inc., tekron-inc.com, and its subsidiaries are engaged in the
commitment to the preservation of the environment through the use of
ecologically safe and efficient technology.
To receive company news release via e-mail, mail to: info@tekron-inc.com.
The information contained in this press release may contain "forward-looking
statements" within the meaning of the U.S. Federal Securities Laws. Such
statements are based on the current expectations of the management of Tekron,
Inc. only, and actual results may differ materially.
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the accuracy of this news release. U.S. SEC exemption number
is 12g3-2 (b) 82-5137. Special Note: Management believes certain statements in
this press release may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are made on the basis of management's views and assumptions regarding
future events and business performance as of the time the statements are made.
Actual results may differ from those expressed or implied. Such differences may
result from actions taken by the company prior to its current fiscal year end,
as well as from developments beyond the company's control, including changes in
global economic conditions that may, among other things, affect the performance
of the company's anticipated acquisitions or future business. In addition,
changes in domestic competitive and economic conditions may also affect
performance of all significant company businesses.
SOURCE: Tekron, Inc.
By Staff
CONTACT: Tekron-Inc.com
Luigi Brun
(519) 661-0609
info@tekron-inc.com
(C) 2003 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: Medical Supplies
SUBJECT CODE: Company Announcement
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