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| Home : Makena Closes First Tranche of Private Placement |
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Oct 30
2013 |
Makena Closes First Tranche of Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 30, 2013) - Makena Resources Inc. ("MKN", "Makena" or the "Company") (TSX VENTURE:MKN) has closed the first tranche of a non-brokered private placement consisting of 5,091,667 units at $0.12 per unit for gross proceeds of $611,000. Each unit consists of one common share and one transferable share purchase warrant exercisable at $0.18 per share for a period of five years. Finders' fees of $29,040 and 242,000 B warrants were paid in connection with the first tranche of this private placement. Each B warrant is non-transferable and exercisable into one common share at $0.18 for five years from closing. The units and the B warrants in this private placement will have a hold period that expires on February 25, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1846238&sourceType=3 |
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