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| Home : Corazon Arranges Non-Brokered Private Placement of Up to $1,000,000 |
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Aug 27
2016 |
Corazon Arranges Non-Brokered Private Placement of Up to $1,000,000 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Corazon Gold Corp. (TSX VENTURE:CGW) ("Corazon" or the "Company") is pleased to announce that it has arranged a non-brokered, non flow-through private placement (the "Financing") of up to 5,000,000 units (each, a "Unit") at a price of $0.20, for total proceeds of $1,000,000. Each Unit will consist of one common share (each, a "Share") and one-half of one warrant (each, a "Warrant"), with each whole Warrant entitling the holder thereof to purchase one additional Share at an exercise price of $0.40 per Share for a period of two years from the closing. The Warrants will have an acceleration clause whereby if the Shares of the Company trade above $0.60 for 10 consecutive days, then the warrant holder shall have 30 days to exercise their Warrant or it will expire. |
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| Source:http://www.marketwired.com/mw/release.do?id=2153722&sourceType=3 |
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