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TORONTO, ON--(Marketwired - July 09, 2015) - Keek (TSX VENTURE: KEK) (OTCQX: KEEKF), a leading mobile video social network featuring a unique 36-second video format, today announces the closing of its previously announced non brokered private placement of 1,000,000 units at a price of $ 0.25 per unit for aggregate proceeds of $ 250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Keek at a price of $0.40 per share for a period of three years from the closing date. In addition, should Keek issue shares at a price that is less than $0.25 for a period of 12 months, the subscriber will receive an additional number of shares at no cost, calculated to be the difference in the total number of shares the subscriber would have received had they originally subscribed at the lower price. |
