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Non-Tech : MJ stocks in Canada

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To: Rocket Red who wrote (25)	10/3/2014 10:32:09 AM
From: Rocket Red	of 32

Chlormet arranges $1-million private placement 2014-10-01 19:37 ET - News Release Shares issued 20,858,574 PUF Close 2014-10-01 C$ 0.16 Mr. Yari Nieken reports CHLORMET ANNOUNCES FINANCING Chlormet Technologies Inc. has arranged a non-brokered private placement offering of up to 10 million units at a price of 10 cents per unit for proceeds of up to $1-million. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at 20 cents per share for a period of 36 months from the date of issue of the unit. The warrants will have an acceleration clause such that, if the shares of the company were to trade above 30 cents for 10 consecutive trading days after the required hold period, then the company will be able to accelerate the expiry of the warrants to 30 days, upon notice to warrantholders by a news release. The company intends to use the proceeds of the private placement to advance the company's properties and business interests in Washington and Ontario, as well as for general working capital. The company may pay finders' fees in connection with the sale of a portion of the units. We seek Safe Harbor.

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