...nachfolg. ein weiteres ´lebenszeichen´........
Galena arranges 45-million-unit private placement
2010-04-12 18:31 ET - News Release
An anonymous director reports
NEWS RELEASE GALENA CAPITAL CORP. ANNOUNCES $2,250,000 FINANCING
Galena Capital Corp. intends to carry out a non-brokered private placement consisting of up to 45 million units at a price of five cents each for total gross proceeds of up to $2.25-million.
Each unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole unit warrant will entitle the holder to subscribe for one additional common share at a price of 15 cents for a period of two years from the date of closing, subject to the company's right to accelerate the term of the warrant if the volume-weighted average trading price of the company's common shares on the TSX Venture Exchange exceeds 30 cents for 10 consecutive trading days at any time after four months following the closing of the private placement.
Directors, officers and insiders of the company intend on participating in the private placement.
The company may pay a finder's fee in cash of up to 7 per cent of the gross proceeds.
With the proceeds of this financing, the company intends to focus on cash flow opportunities in the oil and gas sector. The company still has three gold exploration projects in Mexico, being the Maureen, Mercedes and Judith projects. There are no scheduled work programs for these properties; however, exploration activities near the town of Tepic, where the Maureen project is located, have yielded promising results and management may decide to undertake further work on that project.
The closing of the private placement and the payment of any finder's fee are subject to the acceptance of the TSX-V.
....das kann noch ein spannendes 2010 werden
