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| Home : Kingsway Arms Retirement Residences Inc. Announces Private Placement and Early Warning of Chairman Dan Amadori |
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Jan 24
2015 |
Kingsway Arms Retirement Residences Inc. Announces Private Placement and Early Warning of Chairman Dan Amadori |
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TORONTO, ONTARIO--(Marketwired - Jan. 23, 2015) - Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA) (the "Company" or "Kingsway") has secured a $36,000 private placement financing from the Chairman of its Board of Directors, Dan Amadori. The private placement is structured as a unit offering from treasury of 720,000 units at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant to acquire an additional common share at an exercise price of $0.05 per common share. The warrants have a 5 year term and will expire on January 23, 2020 if unexercised by that date. After giving effect to the private placement, the Company will have 18,620,000 common shares issued and outstanding. Closing of the private placement is subject to the receipt of final acceptance from the TSX Venture Exchange. |
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| Source:http://www.marketwired.com/mw/release.do?id=1985642&sourceType=3 |
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