Multivision Communications Corp. to raise $450,000 by way of Non-Brokered Private Placement
March 08 2011 - 7:30AM
PR Newswire (Canada)
VANCOUVER, March 8 /CNW/ -- VANCOUVER, March 8 /CNW/ - Multivision
Communications Corp. (TSXV: MTV) (the "Company"), announces that it
intends to undertake a non-brokered private placement of 3 million
units at a price of $0.15 per unit for aggregate gross proceeds of
$450,000. Each Unit will consist of one common share and one
common share purchase warrant. Each warrant will entitle the
holder thereof to purchase one common share of the Company for a
period of 24 months from the date of closing at an exercise price
of $0.20 per warrant share. The proceeds of the offering will be
used for working capital. The completion of the private
placement is subject to TSX Venture Exchange approval and the
execution of definitive documentation with investors. The
securities issued pursuant to the offering will be subject to a
four-month hold period from the date of issuance. Neither the TSX
Venture Exchange nor its Regulation Service Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/March2011/08/c8825.html
pAltaf Nazerali, President and CEObr/ (604) 628-7597/p
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