|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 20, 2014) - LX Ventures Inc. (TSX VENTURE:LXV), an acquirer and accelerator of high potential technology companies, has arranged a non-brokered private placement in which it will raise up to $1,275,000. In connection with the offering, LX Ventures will issue up to 17,000,000 units at a price of $0.075 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of $0.17 for a period of 12 months from the closing of the offering, subject to certain acceleration provisions in the event that the shares trade at $0.25 or higher for 10 consecutive trading days. All securities issued in connection with the offering will be subject to a four month and one day hold period. |
