SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Frankly Speaking11/13/2007 2:26:25 PM
   of 960
 
Capital Alliance arranges financings for $12-million

2007-11-13 12:54 ET - News Release

Mr. Toby Chu reports

CAG REPORTS FINANCINGS TO RAISE UP TO $12 MILLION

Capital Alliance Group Inc. has negotiated a brokered and non-brokered private placement to raise gross proceeds of up to $7-million, and has also approved a non-binding term sheet for a non-brokered $5-million debt financing with a United States-based institutional investor.

The brokered and non-brokered equity private placements will consist of units offered at $1.90 per unit. Each unit will consist of one common share and one-half of a warrant, with each whole warrant entitling the holder to purchase one common share at a price of $2.25 each for a period of two years. If the company's shares trade at a price of $3.38 or higher for 120 consecutive trading days, then at the company's election any unexercised warrants will automatically expire on the 30th day following the delivery of written notice.

In connection with the brokered private placement, Canaccord Capital Corp. will be paid a cash commission equal to 7 per cent of the gross proceeds raised from purchasers introduced by Canaccord, and agent's warrants equal to 15 per cent of the units sold to purchasers introduced by Canaccord. Each agent's warrant will be exercisable for a period of two years into one common share at an exercise price of $1.90 in year one and $2.25 in year two. The company will also pay certain expenses incurred by Canaccord in connection with the offering.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News