Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Goose94 who wrote (10014)	6/22/2015 9:22:54 AM
From: Goose94	Read Replies (2) \| Respond to of 202716

Oceanus Resources (OCN-V) June 22, '15 is pleased to announce that it has closed the previously announced non-brokered private placement to raise $1,250,000 through the issuance of 6,250,000 units. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant entitles the holder to acquire one common share of the Company for $0.30 for a period of 18 months from the closing date of the offering. All securities issued in connection with the private placement, including the finder's warrants, are subject to a four-month hold period that expires on October 20, 2015. Net proceeds from the funds raised will be used to advance Oceanus' La Lajita high grade gold property located in Durango, Mexico and for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange. The Company paid cash finder's fees of $6,000 and issued 30,000 finder's warrants to finders acting on behalf of the Company in connection with the private placement. Each finder's warrant is exercisable into one common share of the Company at $0.30 per share for a period of 12 months from the closing date. Certain officers and directors of the Company subscribed for an aggregate of 287,500 units. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact: Glenn Jessome President and CEO (902) 492-0298 jessome@oceanusresources.ca To be included in Oceanus' email database for Company updates please visit our website www.oceanusresources.ca and select the "Contact" menu item.