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| Home : Open EC Technologies, Inc. Closes a $492,000 Non-Brokered Private Placement and Repays $300,000 of Debenture Debt |
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May 26
2011 |
Open EC Technologies, Inc. Closes a $492,000 Non-Brokered Private Placement and Repays $300,000 of Debenture Debt |
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2011) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) has received final acceptance from the TSX Venture Exchange and closed a non-brokered private placement, previously announced on April 6, 2011, for 6,150,000 units priced at $0.08 each for a gross proceeds of $492,000. Each unit consists of one (1) common share of the Company and one half (1/2) share purchase warrant. Each full warrant will entitle the holder to acquire one (1) full common share of the Company at a price of $0.12 per share for a period of one year from the date of issue. There will be a hold period of the issued securities of 4 months from the date of issue. The CEO and CFO of Open EC participated in 4,150,000 units of the financing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1519176&sourceType=3 |
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