|
| Home : Darnley Bay Closes Private Placement, Settles Debt and Adopts Fixed Stock Option Plan |
|
Mar 01
2013 |
Darnley Bay Closes Private Placement, Settles Debt and Adopts Fixed Stock Option Plan |
|
TORONTO, ONTARIO--(Marketwire - Feb. 28, 2013) - Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay") is pleased to announce that it closed its previously announced non-brokered private placement. The Company issued 14,800,000 units at a price of $0.05 per unit, for aggregate gross proceeds of $740,000. Each unit consists of one common share in the capital of the Company (a "Common Share") plus one warrant. Each warrant will entitle the holder thereof to purchase one Common Share for a period of three years from the date of issuance of the warrants at an exercise price of $0.10 per Common Share. The securities issued pursuant to the private placement are subject to a four-month hold period. The private placement remains subject to final acceptance by the TSX Venture Exchange (the "TSXV"). |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1762855&sourceType=3 |
| |
|
Related News
|
» Fidelity Mortgage Corporation Launches New Website in Fairfax, Virginia
» Cadillac Closes $500K Financing
|
|
|
