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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (4540)4/25/2014 3:44:37 AM
From: Goose94Read Replies (1) | Respond to of 203329
 
Aegean Metals Group (AGN-V) April 23, '14 has closed the first tranche of its previously announced non-brokered private placement financing of 3,005,000 units at a price of 10 cents per unit for gross proceeds of $300,500. Each unit consists of one common share in the capital of the company and one common share purchase warrant entitling the holder thereof to purchase an additional common share of the company at a price of 15 cents per share for a period of four years. A finder's fee of 6 per cent was paid on a portion of the private placement. All securities issued in connection with the private placement will be subject to a four-month hold period expiring on Aug. 24, 2014.

Aegean will use proceeds from the private placement for new project generation, as well as general and administrative expenses.