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| Home : Gemini Corporation Announces Closing of Non-Brokered Private Placement Financing of $3,900,000, Creation of New Control Person and Board Reconstitution |
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Nov 09
2012 |
Gemini Corporation Announces Closing of Non-Brokered Private Placement Financing of $3,900,000, Creation of New Control Person and Board Reconstitution |
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CALGARY, ALBERTA--(Marketwire - Nov. 8, 2012) - Gemini Corporation ("Gemini" or the "Corporation") (TSX VENTURE:GKX) announces that it has closed the previously announced non-brokered private placement (the "Financing") of 19,500,000 units of Gemini ("Units") at a price of $0.20 per Unit for aggregate gross proceeds of $3,900,000, with each Unit consisting of one common share in the capital of Gemini (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a purchase price of $0.25 for a period of two years from the date of issue. The Common Shares and Warrants issued under the Financing are subject to a four month and one day resale and transfer restriction under applicable securities laws and policies of the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1723767&sourceType=3 |
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