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| Home : Anthem United Increases Private Placement and Closes First Tranche |
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Jun 27
2015 |
Anthem United Increases Private Placement and Closes First Tranche |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2015) - Anthem United Inc. (TSX VENTURE:AFY) (the "Company") is pleased to announce that, further to its news release dated May 28, 2015, the Company has increased its non-brokered private placement (the "Private Placement") financing to C$5.4 million from the previously announced C$5.0 million. Further, the Company has closed, subject to the final approval of the TSX Venture Exchange (the "TSX-V"), the first tranche (the "First Tranche") of its Private Placement comprising of 7,911,250 units of the Company (the "Units") at a price of $0.40 per Unit and 286,000 common shares of the Company (the "Common Shares") at a price of $0.35 per Common Share for aggregate gross proceeds of $3,264,600. Each Unit consists of one Common Share and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant is exercisable for an additional Common Share at an exercise price of $0.50 for a period of five years following the closing date of the Private Placement. The Company expects to close on the second tranche of the Private Placement next week in order to satisfy strong investor demand. |
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| Source:http://www.marketwired.com/mw/release.do?id=2033636&sourceType=3 |
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