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| Home : Canadian Oilfield Solutions Corp.: Non-Brokered Financing - $1,000,000 |
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Oct 12
2012 |
Canadian Oilfield Solutions Corp.: Non-Brokered Financing - $1,000,000 |
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CALGARY, ALBERTA--(Marketwire - Oct. 11, 2012) - Canadian Oilfield Solutions Corp. (the "Corporation") (TSX VENTURE:OTS) is pleased to announce that, in conjunction with the brokered private placement of units to secure up to $2,000,000 announced on October 5, 2012, the Corporation also intends to raise up to an additional $1,000,000 under a non-brokered private placement (the "Financing") of units ("Units") at an issuance price of $0.15 per Unit. The units under both the brokered and non-brokered private placements contain identical terms and consist of one (1) common share ("Common Share") of the Corporation and one-half of one non-transferable common share purchase warrant ("Warrant"), with each whole Warrant entitling the holder thereof to purchase one (1) additional Common Share for $0.25 for a period of 36 months. The net proceeds from the Financing will be used for general working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1712674&sourceType=3 |
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