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| Home : Luxor Annouces C$5.0 Million Brokered Private Placement |
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Nov 08
2016 |
Luxor Annouces C$5.0 Million Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 7, 2016) - Luxor Industrial Corporation ("Luxor" or the "Company") is pleased to announce that it has entered into a letter agreement with a syndicate of agents led by Haywood Securities Inc. and including Cormark Securities Inc. (the "Agents") to market on a best efforts basis a private placement of up to 16,666,667 units ("Units") at a price of $0.30 per Unit for total proceeds of up to $5,000,000 (the "Offering"). Each Unit is comprised of one common share of the Company and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of the Company at a price of $0.40 per share within the 24 month period following the closing of the Offering. The Agents has been granted an over-allotment option to increase the size of the Offering by up to 20% (3,333,333 Units). |
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| Source:http://www.marketwired.com/mw/release.do?id=2173249&sourceType=3 |
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