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TORONTO, ONTARIO--(Marketwire - May 16, 2011) - Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announces that, subject to TSX Venture Exchange ("Exchange") approval, it has arranged a non-brokered private placement of up to 10,103,620 units (each a "Unit") at $0.12 per Unit for gross proceeds of up to $1,212,434 (the "Offering"). Each Unit consists of one common share and one transferable common share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one common share at an exercise price of $0.16 for a period of five (5) years from the date of closing. |
