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| Home : Ateba to Raise $200,000 Through Private Placement and to Settle Debt |
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Jul 11
2015 |
Ateba to Raise $200,000 Through Private Placement and to Settle Debt |
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TORONTO, ONTARIO--(Marketwired - July 10, 2015) - Ateba Resources Inc. ("Ateba" or the "Company") (CSE:ATR) is pleased to announce a best efforts private placement (the "Offering") of up to 10,000,000 units ("Units") at a price of $0.02 per Unit, for aggregate gross proceeds of $200,000. Each Unit will consist of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share for a period of one (1) year from the date of closing of the Offering at a price of CDN $0.05 per Common Share, provided that if, at any time after the date of issuance of such Warrant, the Common Shares trade on a stock exchange at a price of $0.15 per Common Share or greater for a period of twenty (20) consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders of Warrants, in which case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. |
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| Source:http://www.marketwired.com/mw/release.do?id=2037501&sourceType=3 |
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