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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (9091)10/4/2014 9:59:32 AM
From: Goose94Read Replies (1) of 202988
 
Gentor Resources (GNT-V) Oct 3rd 2014 has closed a non-brokered private placement of five million units of the company at a price of 10 cents per unit for proceeds to the company of $500,000. Each such unit is composed of one common share of the company and one-half of one warrant of the company, with each full warrant entitling the holder to purchase one common share of the company at a price of 15 cents for a period of one year. The company intends to use the proceeds from this financing for exploration activities related to the company's Turkey properties and for general corporate purposes. A director of the company purchased one million of the units issued under the financing, and an officer of the company purchased 500,000 of the units issued under the financing.The said shares and warrants issued by the company under the financing are subject to a four-month hold period and the resale rules of applicable securities legislation.
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