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Microcap & Penny Stocks : Stateside's Canadian Microcap Board

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To: statesidereport who wrote (1638)	5/17/2016 2:18:14 PM
From: Fivenine	of 1728

LRL Luxor Industrial arranges $750,000 private placement 2016-05-17 13:44 ET - News Release Mr. Tim Charman reports LUXOR ANNOUNCES PRIVATE PLACEMENT Luxor Industrial Corp. has arranged a non-brokered private-placement financing to raise $750,000 at a price of 24 cents per unit. The private placement comprises 3,125,000 units, with each unit consisting of one common share and one transferable warrant entitling the holder to purchase one additional share at a price of 30 cents for one year. Funds from the financing will be used for working capital. Certain directors and officers are expected to participate in the private placement on the terms set forth above, and such participation has been approved by the independent directors of the company. The company is relying on an exemption from the related party requirements of MI 61-101. The financing is subject to acceptance for filing by the TSX Venture Exchange.

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