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Microcap & Penny Stocks : Stateside's Canadian Microcap Board

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To: statesidereport who wrote (1498)	3/1/2016 12:52:09 PM
From: statesidereport	of 1728

Well this may cap the price a bit - or maybe not - from the same release: Financing Developments Pioneering has historically funded its working capital requirements through a combination of cash flow generated by operations and debt and equity financing. The cost of debt financing as Pioneering has been growing has been expensive. Pioneering is currently pursuing a number of lower cost financing opportunities . In the short term the Company expects to complete a non-brokered private placement of units for gross proceeds of up to $1.5 million at a price of $0.125 per unit. Each unit is expected to consist of one common share and one-half of one share purchase warrant, with each whole warrant exercisable for one common share at a price of $0.25 for eighteen months. Finder's fees in accordance with TSX Venture Exchange ("TSXV") policies may be payable in respect of the placement. The proposed placement is subject to TSXV approval.

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