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| Home : Aquila Closes $519,000 Financing |
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May 22
2013 |
Aquila Closes $519,000 Financing |
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TORONTO, ONTARIO--(Marketwired - May 22, 2013) - Aquila Resources Inc. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today announced that it has closed an initial tranche of its previously announced non-brokered financing by way of private placement. Price of the units were amended from $0.12 to $0.10 due to market conditions. The Company issued 5,190,000 units consisting of a common share and a half warrant at a price per unit of $0.10 for gross proceeds of $519,000. Each full warrant entitles the holder to purchase a common share of the Company at a price of $0.20 for a period of 5 years from date of issue. Proceeds of the financing will be used for working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1793583&sourceType=3 |
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