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NEWMARKET, ONTARIO--(Marketwired - Nov. 21, 2016) - ANB Canada Inc. (the "Corporation") is pleased to announce that it has completed the second tranche of a private placement of Class A Shares (the "Class A Shares") for aggregate gross proceeds of $240,000.30 and a second tranche of a private placement of Series 1 Preferred Shares (the "Preferred Shares") for aggregate gross proceeds of $360,000. The 4,800,006 Class A Shares were issued for $0.05 per share and the 14,400 Preferred Shares were issued for $25.00 per share. The Preferred Shares are non-voting 7 year cumulative 10% shares redeemable at $25.00 per share at maturity and $27.00 per share prior to maturity. |
