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| Home : Beleave Announces Non-Brokered Private Placement for Gross Proceeds of $250,000 |
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Oct 07
2016 |
Beleave Announces Non-Brokered Private Placement for Gross Proceeds of $250,000 |
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TORONTO, ONTARIO--(Marketwired - Oct. 6, 2016) - Beleave Inc. ("Beleave" or the "Company") (CSE:BE) (CSE:BE.CN) is pleased to announce that it has closed a non-brokered private placement financing (the "Financing") for gross proceeds of $250,000. Upon closing the Financing, Beleave issued 416,666 units (each a "Unit") at a price of $0.60 per Unit. Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant is exercisable for one Common Share at a price of $0.75 for a period of two years from closing. The Financing was placed to a number of strategic industry advisors at a 50% premium to Beleave's recently completed $1,405,000 financing. No finder's fees were paid in connection with the Financing. The Company will use the net proceeds of the Financing to complete its proposed facility and for general working capital purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2164753&sourceType=3 |
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