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| Home : Evanachan Limited Files Early Warning Report in Connection With Private Placement in Ginguro Exploration Inc. |
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Sep 13
2013 |
Evanachan Limited Files Early Warning Report in Connection With Private Placement in Ginguro Exploration Inc. |
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TORONTO, ONTARIO--(Marketwired - Sept. 12, 2013) - Evanachan Limited ("Evanachan") has subscribed, by way of a private placement for ten million units (the "Units") of Ginguro Exploration Inc. ("Ginguro") at a price of $0.10 per Unit for an aggregate of $1,000,000. Each Unit consists of one (1) common share and one half (1/2) of one Series 2013-1 share purchase warrant (the "Transaction"). Each 2013-1 share purchase warrant entitles Evanachan to purchase one (1) additional common share in Ginguro at a price of $0.15 for a period of 24 months from the date of issuance thereof. The Transaction closed in escrow on September 12, 2013. The common shares comprising in part, the Units, represents approximately 12% of the issued and outstanding common shares of Ginguro immediately post-closing (or approximately 17% on a partially diluted basis assuming exercise of the share purchase warrants comprising the Units only). The common shares were issued from Ginguro's treasury. |
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| Source:http://www.marketwire.com/mw/release.do?id=1830292&sourceType=3 |
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