Netco (NEI-V) clarifies terms of increased private placement
Sept 27, 2013 - News Release
Netco Silver Inc. is clarifying the terms of the increase in the private placement that were previously announced in the news release of Sept. 11, 2013. The unit price of the additional 1,333,334 units has been increased from five cents to 7.5 cents per unit for gross proceeds of $100,000. All other terms of the financing as announced on Sept. 9, 2013, remain the same. The company's board of directors has embarked on a review of strategic options. As part of the strategic review, the company will review and consider a wide range of opportunities, which may include opportunities in the resource sector and in the non-resource sector. The company announces today that it has granted stock options to certain of its directors, officers and consultants to purchase a total of 850,000 common shares of the company pursuant to the terms of the company's stock option plan. All of the options are exercisable at a price of 15 cents per share for five years. |
