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| Home : Blue Horizon Industries Announces Closing of Private Placement Financing |
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Jan 04
2012 |
Blue Horizon Industries Announces Closing of Private Placement Financing |
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RED DEER, ALBERTA--(Marketwire - Jan. 3, 2012) - Blue Horizon Industries Inc. ("Blue Horizon" or the "Corporation") (CNSX:BH) announced today that the Corporation has completed the closing of the previously announced non-brokered private placement offering of units at a price of $0.20 per unit for gross proceeds of $5,000. The Corporation issued 25,000 units, with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of $0.40 per share for a period of one year after the closing. If, at any time after the expiry of the four-month hold period, the closing price of the common shares of the Corporation, on the Canadian National Stock Exchange ("CNSX"), is at least $0.80, for a period of ten consecutive trading days (including days where no shares are actually traded), the Corporation may, at its option, accelerate the expiry date of the warrants by issuing a press release, and, in such case, the warrants will expire, without further notice, on the date which is the earlier of: (i) the 30th day after the date on which the press release is issued by the Corporation; and (ii) the original expiry date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1602969&sourceType=3 |
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