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| Home : Groupe Bikini Village Inc. Completes $2,000,000 Private Placement of Unsecured Debentures and Share Purchase Warrants |
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May 13
2014 |
Groupe Bikini Village Inc. Completes $2,000,000 Private Placement of Unsecured Debentures and Share Purchase Warrants |
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SAINTE-JULIE, QUEBEC--(Marketwired - May 13, 2014) - Groupe Bikini Village inc. (TSX:GBV) ("Groupe Bikini Village" or the "Corporation") today announced the successful completion of a private placement with certain shareholders (the "Private Placement") of unsecured redeemable debentures for an aggregate principal amount of $2,000,000 (the "Debentures") and 1,600,000 share purchase warrants ("Warrants"). The Private Placement was completed for the purposes of providing the Corporation with funds necessary to complete the reimbursement of demand notes issued on March 1, 2014 for an aggregate amount of $500,000, as additional working capital and to continue to finance its store renovation program. The Private Placement was approved by the Toronto Stock Exchange (the "TSX") and was completed upon the terms previously disclosed by the Corporation on May 1, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1909598&sourceType=3 |
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