Telehop Communications Inc. announces completion of its rights offering
October 04 2011 - 3:00PM
PR Newswire (Canada)
TORONTO, Oct. 4, 2011 /CNW/ - Telehop Communications Inc.
("Telehop" or the "Company") today announced it had successfully
completed its rights offering which raised proceeds of
$334,775 (before expenses) at $0.10 per share (the "Offering") and
issued 3,334,750 common shares, being the full amount offered.
Under the Offering, each registered holder of Shares received one
right (a "Right") for each Share held. Four Rights plus the sum of
$0.10 (the "Subscription Price") were required to subscribe for one
Common Share (the "Basic Subscription Privilege"). Shareholders who
fully exercised their Rights could subscribe pro-rata for any
additional Shares not otherwise subscribed for. The full details
were set out in a Circular which can be viewed at www.sedar.com.
Certain statements in this press release may constitute "forward
looking statements" and involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Corporation to be materially
different from any performance or achievement expressed or implied
by such "forward looking statements". The TSX Venture
Exchange does not accept responsibility for the adequacy or
accuracy of this release. Telehop Communications Inc. CONTACT:
Company Contact:Mr. Rajiv JagotaPresident and CEO(416) 494-4490
x-224
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