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| Home : Greenock Announces Financing and Corporate Update |
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Mar 26
2014 |
Greenock Announces Financing and Corporate Update |
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TORONTO, ONTARIO--(Marketwired - March 26, 2014) - Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock" or the "Company") announces the Company will conduct a non-brokered private placement pursuant to which the Company will issue an aggregate of up to 6,000,000 units (the "Financing Units"),at a price of $0.10 per Financing Unit, consisting of one common share and one half common share purchase warrant at a price of $0.15 for a 36 month period with an acceleration event if the share price is greater the $0.30 for a period of 20 consecutive trading days, to raise gross proceeds of up to $600,000 (the "Financing"). In connection with the Financing, the Company will pay an 8% cash finder's fee. The proceeds from the Financing will be used for general working capital. The Financing remains subject to Exchange approval. All securities issued in connection with the Financing will be subject to a four month resale restriction. |
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| Source:http://www.marketwired.com/mw/release.do?id=1892721&sourceType=3 |
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